Royal Gold (RGLD) Expected to Announce Earnings on Wednesday

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL is expected to issue its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.46 per share and revenue of $181.35 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.13. The business had revenue of $193.84 million for the quarter, compared to analysts' expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company's revenue was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, analysts expect Royal Gold to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Royal Gold Price Performance

RGLD traded down $0.47 during trading on Friday, reaching $144.48. 414,226 shares of the stock were exchanged, compared to its average volume of 394,651. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 0.87 and a beta of 0.90. Royal Gold has a 1 year low of $100.55 and a 1 year high of $155.10. The business's 50 day moving average price is $139.45 and its two-hundred day moving average price is $140.77.

Royal Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.45 per share. This is an increase from Royal Gold's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, January 3rd. Royal Gold's payout ratio is currently 41.28%.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares of the company's stock, valued at $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James boosted their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. TD Securities lifted their price objective on Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and lifted their price target for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $168.86.

About Royal Gold

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.