Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL has been given a $197.00 price target by equities researchers at BMO Capital Markets in a report released on Thursday, Marketbeat Ratings reports. The brokerage presently has a "market perform" rating on the basic materials company's stock. BMO Capital Markets' price target points to a potential upside of 11.47% from the company's previous close.
Other analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Raymond James upped their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. CIBC upped their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $166.00 to $189.00 in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $183.13.
Read Our Latest Report on RGLD
Royal Gold Stock Performance
Shares of NASDAQ:RGLD opened at $176.73 on Thursday. The firm has a market cap of $11.63 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. The firm's fifty day moving average is $171.59 and its 200-day moving average is $153.23. Royal Gold has a 52 week low of $119.72 and a 52 week high of $191.78.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. The company had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Royal Gold's revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Sell-side analysts forecast that Royal Gold will post 6.2 EPS for the current year.
Insider Buying and Selling
In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Royal Gold
A number of large investors have recently added to or reduced their stakes in RGLD. Merit Financial Group LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at about $455,000. UMB Bank n.a. increased its position in shares of Royal Gold by 11.2% during the fourth quarter. UMB Bank n.a. now owns 1,273 shares of the basic materials company's stock valued at $168,000 after buying an additional 128 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Royal Gold by 33.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,913 shares of the basic materials company's stock valued at $1,175,000 after buying an additional 2,231 shares during the period. Janney Montgomery Scott LLC boosted its stake in Royal Gold by 129.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,229 shares of the basic materials company's stock worth $1,612,000 after acquiring an additional 6,899 shares in the last quarter. Finally, Veracity Capital LLC boosted its stake in Royal Gold by 5.0% during the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock worth $209,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.
About Royal Gold
(
Get Free Report)
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.
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