FY2024 EPS Estimates for Royal Gold Lifted by Scotiabank

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Research analysts at Scotiabank boosted their FY2024 earnings per share estimates for shares of Royal Gold in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $4.99 per share for the year, up from their previous forecast of $4.88. The consensus estimate for Royal Gold’s current full-year earnings is $5.14 per share. Scotiabank also issued estimates for Royal Gold’s FY2025 earnings at $6.73 EPS and FY2026 earnings at $7.02 EPS.

A number of other research firms have also recently commented on RGLD. Raymond James lifted their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from $154.00 to $178.00 in a report on Tuesday. TD Securities upped their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Gold currently has a consensus rating of “Hold” and a consensus price target of $168.86.

Royal Gold Trading Up 2.0 %

Shares of RGLD opened at $136.25 on Friday. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 1.08 and a beta of 0.90. The stock has a 50 day moving average of $142.20 and a 200 day moving average of $139.65. Royal Gold has a 12 month low of $100.55 and a 12 month high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Birch Capital Management LLC raised its holdings in Royal Gold by 29.9% in the fourth quarter. Birch Capital Management LLC now owns 1,038 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 239 shares in the last quarter. Diversified Trust Co purchased a new position in Royal Gold in the 4th quarter worth approximately $264,000. Everence Capital Management Inc. bought a new stake in shares of Royal Gold in the 4th quarter worth $253,000. GAMMA Investing LLC increased its holdings in Royal Gold by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 2,567 shares of the basic materials company’s stock worth $338,000 after buying an additional 351 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in shares of Royal Gold by 4.0% during the 4th quarter. Confluence Investment Management LLC now owns 4,909 shares of the basic materials company’s stock valued at $647,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the transaction, the director now owns 9,268 shares in the company, valued at $1,362,859.40. The trade was a 17.63 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.45 dividend. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.32%. Royal Gold’s dividend payout ratio is presently 41.28%.

About Royal Gold

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.