Royal Gold (NASDAQ:RGLD) Price Target Raised to $200.00 at Raymond James

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL had its target price increased by equities research analysts at Raymond James from $181.00 to $200.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the basic materials company's stock. Raymond James' price target would indicate a potential upside of 21.55% from the company's previous close.

Several other equities research analysts have also commented on the company. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and boosted their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Royal Bank of Canada decreased their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.75.

Royal Gold Stock Performance

NASDAQ:RGLD traded up $9.06 during trading hours on Friday, hitting $164.54. The company's stock had a trading volume of 1,050,265 shares, compared to its average volume of 398,529. The company has a market capitalization of $10.83 billion, a PE ratio of 32.65, a PEG ratio of 3.42 and a beta of 0.77. Royal Gold has a 52-week low of $118.00 and a 52-week high of $169.00. The business's 50-day moving average is $152.11 and its two-hundred day moving average is $145.84.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. As a group, analysts predict that Royal Gold will post 6.2 EPS for the current fiscal year.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company'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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company's stock.

Institutional Investors Weigh In On Royal Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in Royal Gold by 35.3% during the third quarter. FMR LLC now owns 178,719 shares of the basic materials company's stock worth $25,074,000 after acquiring an additional 46,615 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Royal Gold by 175.8% during the 3rd quarter. Captrust Financial Advisors now owns 4,026 shares of the basic materials company's stock worth $565,000 after purchasing an additional 2,566 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Royal Gold by 213.1% during the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company's stock worth $1,130,000 after purchasing an additional 5,480 shares during the last quarter. Centiva Capital LP boosted its holdings in shares of Royal Gold by 39.9% during the third quarter. Centiva Capital LP now owns 7,086 shares of the basic materials company's stock worth $994,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Royal Gold by 5.1% in the third quarter. Quantinno Capital Management LP now owns 16,936 shares of the basic materials company's stock valued at $2,376,000 after purchasing an additional 816 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

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.