Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL hit a new 52-week high on Monday . The stock traded as high as $164.23 and last traded at $163.83, with a volume of 344710 shares trading hands. The stock had previously closed at $162.19.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and upped their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $168.86.
View Our Latest Report on RGLD
Royal Gold Stock Performance
The business has a fifty day moving average of $149.64 and a two-hundred day moving average of $145.10. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 3.42 and a beta of 0.84.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.
Royal Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold's payout ratio is currently 35.71%.
Insider Activity at Royal Gold
In related news, SVP Randy Shefman sold 1,300 shares of the 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 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 represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Royal Gold
Several hedge funds have recently modified their holdings of RGLD. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold during the fourth quarter worth $25,000. Point72 Hong Kong Ltd purchased a new position in Royal Gold in the 3rd quarter valued at about $36,000. Nomura Asset Management Co. Ltd. grew its stake in shares of 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 acquiring an additional 110 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Royal Gold during the fourth quarter worth about $42,000. Finally, Jones Financial Companies Lllp boosted its holdings in 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. 83.65% of the stock is currently owned by hedge funds and other institutional investors.
About Royal Gold
(
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.
Read More
Before you consider Royal Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Gold wasn't on the list.
While Royal Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
