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

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has been given a consensus recommendation of "Hold" by the eight brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $168.86.

Separately, Jefferies Financial Group raised 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 report on Tuesday, January 7th.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders.

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Institutional Investors Weigh In On Royal Gold

Institutional investors have recently added to or reduced their stakes in the stock. Veracity Capital LLC lifted its position in Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock worth $209,000 after acquiring an additional 76 shares during the period. Savant Capital LLC lifted its holdings in shares of Royal Gold by 0.4% during the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock worth $2,784,000 after purchasing an additional 93 shares during the period. CIBC Asset Management Inc boosted its position in Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock valued at $1,700,000 after buying an additional 94 shares during the last quarter. Bessemer Group Inc. increased its holdings in Royal Gold by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock worth $2,871,000 after buying an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock worth $2,413,000 after buying an additional 100 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Royal Gold Stock Up 1.9 %

Royal Gold stock traded up $3.06 during trading hours on Friday, hitting $160.23. The stock had a trading volume of 435,099 shares, compared to its average volume of 371,153. The stock's 50-day moving average price is $146.79 and its 200-day moving average price is $144.08. The stock has a market capitalization of $10.54 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold has a 12-month low of $110.01 and a 12-month high of $159.23.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, research analysts expect that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, April 4th. Royal Gold's payout ratio is 35.71%.

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.