Analysts at BMO Capital Markets began coverage on shares of Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL in a report issued on Wednesday. The brokerage set a "market perform" rating and a $196.00 price target on the basic materials company's stock. BMO Capital Markets' target price would indicate a potential upside of 6.00% from the stock's previous close.
Other equities analysts have also issued research reports about the company. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $166.00 to $189.00 in a research note on Monday. Royal Bank of Canada decreased their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Raymond James increased their price target on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and lifted their price objective for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $178.00.
Check Out Our Latest Analysis on RGLD
Royal Gold Stock Performance
RGLD stock traded down $1.55 on Wednesday, hitting $184.90. 566,791 shares of the company's stock were exchanged, compared to its average volume of 402,883. The firm has a 50 day moving average price of $157.56 and a two-hundred day moving average price of $147.64. Royal Gold has a 12-month low of $118.00 and a 12-month high of $191.22. The stock has a market cap of $12.17 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced 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%. Sell-side analysts expect that Royal Gold will post 6.2 earnings per share for the current fiscal year.
Insider Buying and Selling at Royal Gold
In other news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Royal Gold
Hedge funds have recently bought and sold shares of the business. BCS Wealth Management grew its stake in Royal Gold by 0.3% in the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after acquiring an additional 63 shares during the period. GoalVest Advisory LLC increased its stake in shares of Royal Gold by 5.2% during the first quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock worth $246,000 after purchasing an additional 75 shares in the last quarter. Veracity Capital LLC increased its stake in shares of Royal Gold by 5.0% during the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock worth $209,000 after purchasing an additional 76 shares in the last quarter. Savant Capital LLC lifted its stake in Royal Gold by 0.4% in the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock valued at $2,784,000 after buying an additional 93 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Royal Gold by 0.7% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.
Royal Gold Company Profile
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Get Free Report)
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.
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