Raymond James Raises Royal Gold (NASDAQ:RGLD) Price Target to $186.00

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL had its price objective upped by Raymond James from $184.00 to $186.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the basic materials company's stock. Raymond James' price target would suggest a potential upside of 29.59% from the stock's previous close.

A number of other research analysts have also issued reports on RGLD. Scotiabank boosted their price target on Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a research report on Monday, August 19th. TD Securities boosted their price target on Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday. Jefferies Financial Group boosted their price target on Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Finally, StockNews.com upgraded Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $165.43.

Royal Gold Price Performance

NASDAQ:RGLD traded down $6.40 during midday trading on Monday, reaching $143.53. 388,334 shares of the company traded hands, compared to its average volume of 366,340. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.10. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. The company has a fifty day moving average price of $143.68 and a 200 day moving average price of $135.21.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The business's revenue for the quarter was up 39.8% compared to the same quarter last year. On average, equities research analysts forecast that Royal Gold will post 5.07 earnings per share for the current fiscal year.

Insider Transactions at Royal Gold

In other news, Director Ronald J. Vance sold 415 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the sale, the director now directly owns 8,194 shares of the company's stock, valued at $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Ronald J. Vance sold 415 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the transaction, the director now directly owns 8,194 shares of the company's stock, valued at approximately $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Randy Shefman sold 4,600 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now directly owns 7,430 shares in the company, valued at $1,042,503.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,355 shares of company stock valued at $1,038,155 over the last three months. Company insiders own 0.52% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RGLD. Vanguard Group Inc. increased its position in Royal Gold by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company's stock worth $811,861,000 after purchasing an additional 21,407 shares during the last quarter. Van ECK Associates Corp increased its position in Royal Gold by 1.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company's stock worth $553,810,000 after purchasing an additional 39,394 shares during the last quarter. First Eagle Investment Management LLC increased its position in Royal Gold by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company's stock worth $448,694,000 after purchasing an additional 20,508 shares during the last quarter. Bank of New York Mellon Corp increased its position in Royal Gold by 34.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company's stock worth $104,507,000 after purchasing an additional 212,316 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company's stock worth $100,991,000 after purchasing an additional 156,048 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

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.