Royal Gold, Inc. (NASDAQ:RGLD) Receives $168.86 Average Price Target from Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL have earned an average recommendation of "Hold" from the ten brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $168.86.

A number of equities research analysts have recently issued reports on the stock. Raymond James upped their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and increased their price target for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, TD Securities boosted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, November 7th.

Royal Gold Trading Up 2.9 %

RGLD traded up $3.94 during midday trading on Thursday, hitting $141.40. The company's stock had a trading volume of 272,016 shares, compared to its average volume of 360,017. The firm has a market cap of $9.30 billion, a P/E ratio of 32.39, a PEG ratio of 0.84 and a beta of 0.90. The firm has a 50-day moving average price of $140.01 and a two-hundred day moving average price of $140.58. Royal Gold has a 52-week low of $100.55 and a 52-week high of $155.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm had revenue of $193.84 million for the quarter, compared to analysts' expectations of $184.12 million. During the same period in the previous year, the company posted $0.76 earnings per share. Royal Gold's revenue was up 39.8% compared to the same quarter last year. On average, equities analysts expect that Royal Gold will post 5.16 EPS for the current year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.27%. This is an increase from Royal Gold's previous quarterly dividend of $0.40. Royal Gold's payout ratio is 41.28%.

Insiders Place Their Bets

In related news, Director William M. Hayes sold 1,984 shares of Royal Gold stock in a transaction on Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the sale, the director now owns 9,268 shares of the company's stock, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel Breeze sold 549 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RGLD. International Assets Investment Management LLC raised its position in shares of Royal Gold by 13,968.8% in the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company's stock valued at $11,883,000 after purchasing an additional 84,092 shares during the period. Bank of Montreal Can raised its holdings in Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company's stock worth $18,049,000 after acquiring an additional 83,015 shares during the period. Swedbank AB bought a new stake in Royal Gold during the third quarter valued at about $11,246,000. FMR LLC boosted its holdings in Royal Gold by 35.3% during the third quarter. FMR LLC now owns 178,719 shares of the basic materials company's stock valued at $25,074,000 after acquiring an additional 46,615 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Royal Gold by 1.1% in the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company's stock valued at $553,810,000 after purchasing an additional 39,394 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

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.