Other analysts have also issued reports about the stock. B. Riley reiterated a neutral rating on shares of Royal Gold in a research note on Wednesday, November 1st. Cantor Fitzgerald assumed coverage on shares of Royal Gold in a research note on Thursday, January 4th. They issued a buy rating and a $105.00 price target for the company. Zacks Investment Research downgraded shares of Royal Gold from a buy rating to a hold rating in a report on Saturday, January 13th. Canaccord Genuity reissued a buy rating and issued a $114.00 price objective on shares of Royal Gold in a report on Sunday, October 22nd. Finally, TheStreet raised shares of Royal Gold from a c+ rating to a b- rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $94.63.
Shares of Royal Gold (NASDAQ:RGLD) opened at $85.77 on Monday. Royal Gold has a 12 month low of $61.00 and a 12 month high of $94.39. The company has a market cap of $5,610.00, a P/E ratio of 55.69, a PEG ratio of 4.84 and a beta of 0.46. 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 quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The firm had revenue of $112.50 million during the quarter, compared to analyst estimates of $112.43 million. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. research analysts anticipate that Royal Gold will post 1.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.00 annualized dividend and a yield of 1.17%. This is an increase from Royal Gold’s previous quarterly dividend of $0.24. Royal Gold’s payout ratio is currently 64.94%.
In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 4,500 shares of company stock worth $382,500 in the last ninety days. Insiders own 1.12% of the company’s stock.
Large investors have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc purchased a new position in Royal Gold during the second quarter valued at approximately $109,000. Quantbot Technologies LP purchased a new position in Royal Gold during the third quarter valued at approximately $174,000. U S Global Investors Inc. lifted its holdings in Royal Gold by 333.1% during the second quarter. U S Global Investors Inc. now owns 3,032 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 2,332 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Royal Gold during the third quarter valued at approximately $267,000. Finally, QS Investors LLC raised its position in shares of Royal Gold by 0.4% during the second quarter. QS Investors LLC now owns 3,561 shares of the basic materials company’s stock valued at $278,000 after buying an additional 13 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.
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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