Royal Gold, Inc. (NASDAQ:RGLD) Receives Average Rating of “Hold” from Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been given an average rating of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $157.00.

A number of research firms have recently commented on RGLD. BMO Capital Markets lifted their price target on shares of Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Jefferies Financial Group lifted their price target on shares of Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a research report on Friday, July 12th. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a research report on Wednesday, July 10th. CIBC lifted their price target on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Tuesday.

Insider Activity at Royal Gold

In related news, CFO Paul Libner sold 1,500 shares of Royal Gold stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the transaction, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at $2,659,182.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Royal Gold news, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the transaction, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald J. Vance sold 415 shares of Royal Gold stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the sale, the director now owns 8,194 shares of the company’s stock, valued at approximately $1,154,124.90. The disclosure for this sale can be found here. Insiders sold 7,515 shares of company stock valued at $1,049,834 over the last ninety days. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commerce Bank boosted its stake in Royal Gold by 4.3% during the 4th quarter. Commerce Bank now owns 2,356 shares of the basic materials company’s stock worth $285,000 after acquiring an additional 98 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in Royal Gold by 0.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 23,255 shares of the basic materials company’s stock valued at $2,813,000 after buying an additional 110 shares in the last quarter. Birch Capital Management LLC lifted its stake in Royal Gold by 16.5% in the first quarter. Birch Capital Management LLC now owns 799 shares of the basic materials company’s stock valued at $97,000 after buying an additional 113 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock valued at $59,000 after buying an additional 116 shares in the last quarter. Finally, Keene & Associates Inc. lifted its stake in Royal Gold by 5.0% in the first quarter. Keene & Associates Inc. now owns 2,610 shares of the basic materials company’s stock valued at $318,000 after buying an additional 125 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

NASDAQ RGLD opened at $134.04 on Monday. The company has a 50 day simple moving average of $135.33 and a 200-day simple moving average of $125.54. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. Royal Gold has a 52-week low of $100.55 and a 52-week high of $142.77.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $174.10 million during the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, analysts predict that Royal Gold will post 4.7 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. Royal Gold’s payout ratio is presently 47.20%.

Royal Gold Company Profile

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.