Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Research analysts at B. Riley dropped their FY2019 earnings estimates for Royal Gold in a report issued on Monday, June 24th, according to Zacks Investment Research. B. Riley analyst A. Graf now expects that the basic materials company will post earnings per share of $1.54 for the year, down from their prior forecast of $1.55. B. Riley has a “Buy” rating and a $100.00 price objective on the stock.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $109.80 million during the quarter, compared to analysts’ expectations of $115.32 million. Royal Gold had a net margin of 22.19% and a return on equity of 4.36%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS.
RGLD traded up $4.08 on Wednesday, reaching $117.50. The company’s stock had a trading volume of 789,585 shares, compared to its average volume of 432,637. The firm has a 50 day moving average of $99.15. Royal Gold has a 1 year low of $70.16 and a 1 year high of $117.80. The firm has a market cap of $7.45 billion, a PE ratio of 66.76, a price-to-earnings-growth ratio of 5.09 and a beta of 0.21. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.13 and a current ratio of 5.39.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, July 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 60.23%.
In other news, CEO Tony A. Jensen sold 38,821 shares of Royal Gold stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $92.42, for a total value of $3,587,836.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald J. Vance sold 1,930 shares of Royal Gold stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $94.77, for a total transaction of $182,906.10. The disclosure for this sale can be found here. Insiders sold 87,423 shares of company stock valued at $8,138,746 in the last quarter. 0.95% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Amalgamated Bank grew its holdings in Royal Gold by 19.3% in the fourth quarter. Amalgamated Bank now owns 13,791 shares of the basic materials company’s stock worth $1,181,000 after purchasing an additional 2,234 shares during the period. OLD Mission Capital LLC purchased a new stake in Royal Gold during the 4th quarter valued at about $246,000. Texas Permanent School Fund grew its position in Royal Gold by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 42,868 shares of the basic materials company’s stock valued at $3,672,000 after purchasing an additional 1,652 shares during the last quarter. Cordasco Financial Network grew its position in Royal Gold by 72.4% during the 1st quarter. Cordasco Financial Network now owns 293 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 123 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Royal Gold by 20.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,419 shares of the basic materials company’s stock valued at $1,948,000 after purchasing an additional 3,597 shares during the last quarter. Hedge funds and other institutional investors own 79.23% of the company’s stock.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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