Royal Gold, Inc. (NASDAQ:RGLD) Receives Average Recommendation of "Hold" from Brokerages

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

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

Royal Gold Trading Down 3.6 %

RGLD stock traded down $5.38 during mid-day trading on Monday, reaching $145.04. The company's stock had a trading volume of 349,335 shares, compared to its average volume of 371,417. Royal Gold has a 12 month low of $100.55 and a 12 month high of $155.64. The business's 50 day moving average price is $140.07 and its 200 day moving average price is $142.20. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90.

Remove Ads

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued 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 return on equity of 11.46% and a net margin of 46.15%. As a group, equities analysts expect that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.24%. Royal Gold's dividend payout ratio (DPR) is 35.71%.

Insider Activity at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the sale, the senior vice president now directly owns 16,293 shares of the company's stock, valued at $2,443,950. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RGLD. Creative Planning increased its holdings in Royal Gold by 1.9% in the third quarter. Creative Planning now owns 8,347 shares of the basic materials company's stock valued at $1,171,000 after buying an additional 157 shares in the last quarter. Blue Trust Inc. raised its holdings in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock worth $57,000 after purchasing an additional 213 shares during the last quarter. Raymond James & Associates boosted its position in Royal Gold by 7.8% during the third quarter. Raymond James & Associates now owns 75,699 shares of the basic materials company's stock worth $10,621,000 after purchasing an additional 5,481 shares in the last quarter. Private Advisor Group LLC grew its holdings in Royal Gold by 2.6% in the third quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company's stock valued at $819,000 after purchasing an additional 150 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Royal Gold by 13,968.8% in the 3rd quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company's stock worth $11,883,000 after buying an additional 84,092 shares in the last quarter. Hedge funds and other institutional investors own 83.65% 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.