Brokerages Set Royal Gold, Inc. (NASDAQ:RGLD) Price Target at $158.86

Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL have been assigned a consensus recommendation of "Hold" from the nine research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $158.86.

RGLD has been the subject of several analyst reports. CIBC boosted their price target on shares of Royal Gold from $166.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, July 10th. Jefferies Financial Group raised their price target on shares of Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a research note on Friday, October 4th. StockNews.com raised Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 19th. Bank of America lifted their target price on Royal Gold from $129.00 to $131.00 and gave the company an "underperform" rating in a research note on Wednesday, June 26th. Finally, Cibc World Mkts raised Royal Gold to a "hold" rating in a research note on Wednesday, July 10th.

Insider Buying and Selling at Royal Gold

In related news, Director Ronald J. Vance sold 1,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now directly owns 9,109 shares of the company's stock, valued at approximately $1,203,845.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the transaction, the director now owns 9,109 shares in the company, valued at approximately $1,203,845.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald J. Vance sold 415 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares of the company's stock, valued at approximately $1,154,124.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,355 shares of company stock valued at $1,170,315 in the last three months. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in Royal Gold by 2.5% in the second quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company's stock worth $712,000 after buying an additional 141 shares during the last quarter. UMB Bank n.a. grew its position in Royal Gold by 15.4% in the third quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company's stock worth $161,000 after acquiring an additional 153 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Royal Gold by 6.3% during the 2nd quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company's stock worth $324,000 after purchasing an additional 154 shares during the last quarter. Creative Planning raised its holdings in shares of Royal Gold by 1.9% during the 2nd quarter. Creative Planning now owns 8,190 shares of the basic materials company's stock valued at $1,025,000 after purchasing an additional 155 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in shares of Royal Gold by 1.8% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 9,756 shares of the basic materials company's stock valued at $1,221,000 after purchasing an additional 169 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Up 1.2 %

Shares of RGLD traded up $1.76 during mid-day trading on Tuesday, hitting $154.27. The stock had a trading volume of 244,360 shares, compared to its average volume of 368,861. The company has a market cap of $10.14 billion, a PE ratio of 45.51, a PEG ratio of 1.28 and a beta of 0.90. Royal Gold has a fifty-two week low of $100.55 and a fifty-two week high of $155.10. The company's fifty day simple moving average is $140.95 and its two-hundred day simple moving average is $132.59.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The business's revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Equities analysts expect that Royal Gold will post 4.89 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold's dividend payout ratio is 47.20%.

Royal Gold Company Profile

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.