Royal Gold, Inc. (NASDAQ:RGLD) Receives Consensus Rating of "Hold" from Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL have been assigned an average rating of "Hold" from the ten analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $165.43.

Several equities analysts recently issued reports on the stock. TD Securities upped their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Scotiabank increased their price target on Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. Jefferies Financial Group lifted their price objective on Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Raymond James upped their target price on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Finally, StockNews.com raised Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th.

Insider Activity at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the stock in a transaction that occurred 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 $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the sale, the senior vice president now directly owns 7,430 shares in the company, valued at $1,042,503.30. This trade represents a 38.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,339 shares of company stock worth $1,329,902. Company insiders own 0.52% of the company's stock.

Institutional Trading of Royal Gold

Hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. raised its stake in Royal Gold by 61.1% during 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. Janney Montgomery Scott LLC increased its holdings in shares of Royal Gold by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company's stock valued at $748,000 after acquiring an additional 122 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Royal Gold by 51.7% during the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 123 shares in the last quarter. Private Advisor Group LLC lifted its stake in Royal Gold by 2.5% during the second quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company's stock worth $712,000 after purchasing an additional 141 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings 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 purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Price Performance

Royal Gold stock traded up $0.44 during mid-day trading on Friday, hitting $140.24. 445,656 shares of the company were exchanged, compared to its average volume of 369,017. Royal Gold has a 12-month low of $100.55 and a 12-month high of $155.10. The business's 50 day simple moving average is $144.03 and its two-hundred day simple moving average is $135.61. The company has a market capitalization of $9.22 billion, a P/E ratio of 32.17, a PEG ratio of 1.12 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the previous year, the company posted $0.76 EPS. The firm's revenue for the quarter was up 39.8% on a year-over-year basis. Equities research analysts predict that Royal Gold will post 5.13 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold's dividend payout ratio (DPR) is presently 36.70%.

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.