BMO Capital Markets upgraded shares of Royal Gold (NASDAQ:RGLD - Free Report) TSE: RGL to a hold rating in a report published on Tuesday,Zacks.com reports.
RGLD has been the subject of a number of other reports. Raymond James upped their price target on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and raised their target price for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reduced their price target 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.00.
Check Out Our Latest Stock Report on RGLD
Royal Gold Stock Performance
Shares of RGLD traded down $1.55 during trading hours on Tuesday, hitting $184.90. The stock had a trading volume of 566,791 shares, compared to its average volume of 402,639. Royal Gold has a 12-month low of $118.00 and a 12-month high of $191.22. The firm has a market cap of $12.17 billion, a P/E ratio of 36.69, a P/E/G ratio of 3.42 and a beta of 0.77. The company's fifty day simple moving average is $158.36 and its 200 day simple moving average is $147.98.
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 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Royal Gold will post 6.2 earnings per share for the current fiscal year.
Royal Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's payout ratio is currently 35.71%.
Insider Buying and Selling
In other news, SVP Randy Shefman sold 1,300 shares of the business'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 completion of the sale, the senior vice president now owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company's stock.
Hedge Funds Weigh In On Royal Gold
Hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in shares of Royal Gold in the 4th quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold during the fourth quarter worth approximately $42,000. Jones Financial Companies Lllp raised its stake in shares of Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after buying an additional 293 shares in the last quarter. IFP Advisors Inc lifted its holdings in Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 158 shares during the last quarter. Finally, Human Investing LLC bought a new stake in Royal Gold during the fourth quarter worth approximately $73,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.
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.
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