RGLD has been the subject of several other reports. B. Riley restated a neutral rating on shares of Royal Gold in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Royal Gold from a sell rating to a hold rating in a report on Wednesday. National Bank Financial lifted their target price on Royal Gold from $82.50 to $92.50 and gave the company a sector perform rating in a report on Thursday, August 10th. Royal Bank Of Canada reiterated an outperform rating on shares of Royal Gold in a report on Thursday, September 7th. Finally, BMO Capital Markets reiterated a buy rating and issued a $95.00 target price on shares of Royal Gold in a report on Wednesday, September 6th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Royal Gold currently has a consensus rating of Buy and an average price target of $93.65.
Royal Gold (NASDAQ:RGLD) traded down $1.98 on Wednesday, hitting $85.61. The stock had a trading volume of 475,200 shares, compared to its average volume of 545,740. Royal Gold has a 1-year low of $60.21 and a 1-year high of $94.39. The stock has a market capitalization of $5,660.00, a price-to-earnings ratio of 60.69, a P/E/G ratio of 5.07 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.73 and a current ratio of 3.92.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. The business had revenue of $112.50 million during the quarter, compared to analyst estimates of $112.43 million. During the same period last year, the business posted $0.46 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. research analysts expect that Royal Gold will post 1.76 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a $0.24 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.12%. Royal Gold’s dividend payout ratio (DPR) is presently 62.34%.
In other Royal Gold news, Chairman William M. Hayes sold 10,850 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $86.35, for a total value of $936,897.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bruce Christopher Kirchhoff sold 28,805 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $86.28, for a total value of $2,485,295.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,716 shares of company stock worth $7,186,288. 1.12% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. St. James Investment Company LLC raised its stake in Royal Gold by 1.4% in the third quarter. St. James Investment Company LLC now owns 889,365 shares of the basic materials company’s stock valued at $76,521,000 after buying an additional 12,458 shares in the last quarter. Legal & General Group Plc raised its stake in Royal Gold by 15.8% in the third quarter. Legal & General Group Plc now owns 87,464 shares of the basic materials company’s stock valued at $7,526,000 after buying an additional 11,965 shares in the last quarter. TD Asset Management Inc. acquired a new stake in Royal Gold in the third quarter valued at $3,878,000. ING Groep NV acquired a new stake in Royal Gold in the third quarter valued at $688,000. Finally, America First Investment Advisors LLC raised its stake in Royal Gold by 2.7% in the third quarter. America First Investment Advisors LLC now owns 150,863 shares of the basic materials company’s stock valued at $12,980,000 after buying an additional 3,996 shares in the last quarter. Institutional investors own 70.24% of the company’s stock.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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