Royal Gold (NASDAQ:RGLD) Hits New 1-Year High - What's Next?

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL's share price reached a new 52-week high during trading on Tuesday . The company traded as high as $158.94 and last traded at $157.39, with a volume of 35459 shares traded. The stock had previously closed at $155.09.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and lifted their target price for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Royal Gold presently has an average rating of "Hold" and a consensus target price of $168.86.

Royal Gold Stock Performance

The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.42 and a beta of 0.84. The business has a fifty day simple moving average of $146.33 and a 200-day simple moving average of $143.89.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Remove Ads

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold's 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 on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company's stock, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Royal Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new stake in Royal Gold in the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold in the 3rd quarter worth approximately $36,000. Advisors Asset Management Inc. bought a new stake in shares of Royal Gold in the 3rd quarter valued at $38,000. Nomura Asset Management Co. Ltd. increased its position 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 worth $41,000 after buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Royal Gold during the fourth quarter worth $42,000. Institutional investors and hedge funds own 83.65% of the company's stock.

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.