Other equities research analysts also recently issued research reports about the stock. B. Riley reissued a neutral rating on shares of Royal Gold in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Royal Gold from a sell rating to a hold rating in a research report on Wednesday, November 8th. National Bank Financial raised their price target on shares of Royal Gold from $82.50 to $92.50 and gave the company a sector perform rating in a research report on Thursday, August 10th. Royal Bank Of Canada reissued an outperform rating on shares of Royal Gold in a research report on Thursday, September 7th. Finally, BMO Capital Markets reissued a buy rating and set a $95.00 price target on shares of Royal Gold in a research 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 assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $95.61.
Shares of Royal Gold (NASDAQ RGLD) traded down $0.28 during midday trading on Thursday, hitting $85.38. 419,456 shares of the company’s stock were exchanged, compared to its average volume of 437,249. Royal Gold has a fifty-two week low of $60.21 and a fifty-two week high of $94.39. The company has a market capitalization of $5,588.46, a P/E ratio of 58.08, a price-to-earnings-growth ratio of 4.85 and a beta of 0.49. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The business had revenue of $112.50 million during the quarter, compared to the consensus estimate of $112.43 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. research analysts forecast 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 will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.00 annualized dividend and a yield of 1.17%. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. Royal Gold’s dividend payout ratio (DPR) is currently 62.34%.
In related news, CEO Tony A. Jensen sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $90.00, for a total value of $2,250,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Bruce Christopher Kirchhoff sold 6,190 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $90.76, for a total transaction of $561,804.40. Following the completion of the sale, the vice president now owns 48,673 shares in the company, valued at approximately $4,417,561.48. The disclosure for this sale can be found here. Insiders sold 36,452 shares of company stock worth $3,274,984 in the last 90 days. 1.12% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Royal Gold by 702.0% during the 2nd quarter. Bank of Montreal Can now owns 201,972 shares of the basic materials company’s stock worth $15,788,000 after acquiring an additional 176,787 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Royal Gold by 49.0% during the 2nd quarter. American Century Companies Inc. now owns 142,521 shares of the basic materials company’s stock worth $11,141,000 after acquiring an additional 46,900 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Royal Gold by 72.8% during the 2nd quarter. Flinton Capital Management LLC now owns 6,052 shares of the basic materials company’s stock worth $473,000 after acquiring an additional 2,550 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Royal Gold by 70.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 24,664 shares of the basic materials company’s stock worth $1,928,000 after acquiring an additional 10,222 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Royal Gold by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 294,652 shares of the basic materials company’s stock worth $23,033,000 after acquiring an additional 11,795 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.
Royal Gold Company Profile
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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