Royal Gold, Inc. (NASDAQ:RGLD) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Royal Gold, with seven buys, three holds and two sells among 12 firms. The average 12-month price target is $285.10.
• Royal Gold reported quarterly EPS of $2.56, narrowly exceeding estimates, while revenue rose 114.9% year over year to $468.98 million.
• The company declared a quarterly dividend of $0.475, equivalent to $1.90 annually and a 0.7% yield; institutional investors and hedge funds own 83.65% of shares.

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has been assigned an average rating of "Hold" from the twelve research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $285.10.

Several brokerages have recently issued reports on RGLD. Jefferies Financial Group lowered their price objective on shares of Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a research report on Monday, July 6th. UBS Group upped their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Royal Bank Of Canada lowered their target price on Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Scotiabank reissued a "sector perform" rating and issued a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th. Finally, Weiss Ratings downgraded Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On Royal Gold

A number of large investors have recently bought and sold shares of RGLD. Axiom Investment Management LLC acquired a new stake in shares of Royal Gold in the first quarter valued at approximately $25,000. Grove Bank & Trust boosted its holdings in Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company's stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Elyxium Wealth LLC acquired a new position in Royal Gold during the fourth quarter worth $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold in the fourth quarter valued at $27,000. Finally, Scarborough Advisors LLC bought a new position in Royal Gold in the first quarter valued at $32,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Price Performance

Shares of RGLD opened at $268.96 on Friday. The stock has a 50 day simple moving average of $214.10 and a 200 day simple moving average of $236.55. Royal Gold has a 52-week low of $168.88 and a 52-week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The firm has a market capitalization of $22.79 billion, a PE ratio of 29.36, a P/E/G ratio of 2.00 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. During the same period last year, the company posted $1.81 EPS. The business's quarterly revenue was up 114.9% on a year-over-year basis. Sell-side analysts predict that Royal Gold will post 10.26 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold's dividend payout ratio (DPR) is currently 20.74%.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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