Royal Gold (RGLD) Scheduled to Post Earnings on Wednesday

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. The firm had revenue of $174.10 million during the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business's quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. On average, analysts expect Royal Gold to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Royal Gold Price Performance

Shares of Royal Gold stock traded down $2.51 on Wednesday, hitting $151.10. 219,177 shares of the company's stock traded hands, compared to its average volume of 366,094. Royal Gold has a one year low of $100.55 and a one year high of $155.10. The stock has a market capitalization of $9.93 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. The firm's 50-day moving average price is $142.57 and its two-hundred day moving average price is $133.61.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $0.40 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.06%. Royal Gold's dividend payout ratio is presently 43.84%.

Wall Street Analysts Forecast Growth

RGLD has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their target price on Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a report on Friday, October 4th. StockNews.com raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. CIBC upped their target price on shares of Royal Gold from $166.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, July 10th. Raymond James lifted their price target on shares of Royal Gold from $167.00 to $170.00 and gave the stock an "outperformer" rating in a research report on Friday, August 9th. Finally, Scotiabank boosted their price target on shares of Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $158.86.

Insider Buying and Selling

In other Royal Gold news, Director Ronald J. Vance sold 415 shares of Royal Gold stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the sale, the director now owns 8,194 shares of the company's stock, valued at $1,154,124.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the company's 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 transaction, the director now owns 8,194 shares of the company's stock, valued at $1,154,124.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the sale, the senior vice president now owns 16,842 shares in the company, valued at $2,415,648.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,355 shares of company stock worth $1,170,315 over the last ninety days. Company insiders own 0.52% of the company's stock.

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.