Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL have been assigned an average recommendation of "Hold" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $178.00.
A number of brokerages have recently commented on RGLD. BMO Capital Markets began coverage on Royal Gold in a report on Wednesday. They issued a "market perform" rating and a $196.00 price target on the stock. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $166.00 to $189.00 in a research note on Monday. Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and raised their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Raymond James boosted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, Royal Bank of Canada decreased their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th.
Check Out Our Latest Stock Report on Royal Gold
Royal Gold Stock Performance
RGLD stock traded down $1.55 during mid-day trading on Tuesday, hitting $184.90. 566,791 shares of the company were exchanged, compared to its average volume of 403,132. Royal Gold has a 1-year low of $118.00 and a 1-year high of $191.22. The firm's 50 day simple moving average is $157.56 and its 200 day simple moving average is $147.64. The firm has a market cap of $12.17 billion, a P/E ratio of 36.69, a P/E/G ratio of 3.42 and a beta of 0.77.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 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, equities research analysts predict that Royal Gold will post 6.2 EPS for the current fiscal year.
Royal Gold Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, April 4th. Royal Gold's dividend payout ratio is currently 35.71%.
Insider Transactions at Royal Gold
In related news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.
Hedge Funds Weigh In On Royal Gold
A number of institutional investors have recently bought and sold shares of RGLD. Exchange Traded Concepts LLC bought a new position in shares of Royal Gold during the 4th quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. lifted its holdings in Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 110 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Royal Gold during the fourth quarter worth $42,000. Jones Financial Companies Lllp increased its holdings in shares of Royal Gold by 390.7% in the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 293 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Royal Gold by 66.7% in the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.
About Royal Gold
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Get Free ReportRoyal 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.
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