Royal Gold FY2024 EPS Decreased by National Bank Financial

Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL - Investment analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Royal Gold in a research note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $5.22 for the year, down from their prior estimate of $5.49. The consensus estimate for Royal Gold's current full-year earnings is $5.16 per share. National Bank Financial also issued estimates for Royal Gold's Q4 2024 earnings at $1.58 EPS.

A number of other research firms have also recently commented on RGLD. Raymond James upped their price target on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and increased their target price for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, TD Securities lifted their target price on Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $168.86.

Royal Gold Price Performance

Shares of NASDAQ:RGLD traded down $6.66 during mid-day trading on Thursday, reaching $146.83. 880,197 shares of the company were exchanged, compared to its average volume of 394,651. Royal Gold has a 1 year low of $100.55 and a 1 year high of $155.64. The firm's 50-day simple moving average is $139.57 and its 200 day simple moving average is $141.22. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 0.87 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Royal Gold in the 4th quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold during the third quarter worth $36,000. Advisors Asset Management Inc. purchased a new position in Royal Gold in the third quarter valued at $38,000. Nomura Asset Management Co. Ltd. raised its stake in Royal Gold by 61.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Royal Gold during the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now directly owns 16,293 shares of the company's stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by corporate insiders.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. This is an increase from Royal Gold's previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 1.23%. Royal Gold's dividend payout ratio is 41.28%.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.