Royal Gold, Inc. (NASDAQ:RGLD) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Royal Gold has a “Moderate Buy” consensus rating from 13 analysts: eight rate it a buy, four recommend holding, and one rates it a sell. The average 12-month price target is $289.64, above the reported $250.11 share price.
• The company reported quarterly EPS of $2.56, narrowly exceeding estimates, while revenue rose 114.9% year over year to $468.98 million. Royal Gold posted a 47.74% net margin and analysts expect full-year EPS of $10.26.
• Royal Gold declared a quarterly dividend of $0.475 per share, equivalent to $1.90 annually and a 0.8% yield. Institutional investors and hedge funds own 83.65% of the company, while an insider recently sold 500 shares.

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has been given a consensus rating of "Moderate Buy" by the thirteen analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $289.6364.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Royal Gold from $305.00 to $325.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 16th. Jefferies Financial Group dropped their price objective on Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a report on Monday, July 6th. Scotiabank reaffirmed a "sector perform" rating and issued a $310.00 target price on shares of Royal Gold in a research report on Tuesday, July 14th. Weiss Ratings lowered Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Finally, UBS Group lifted their target price on Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 7th.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the transaction, the senior vice president directly owned 8,082 shares of the company's stock, valued at $2,123,949.60. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On Royal Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Core Capital Management & Research inc. purchased a new stake in Royal Gold during the 2nd quarter worth $32,000. Integrated Wealth Concepts LLC raised its position in Royal Gold by 5.9% in the second quarter. Integrated Wealth Concepts LLC now owns 24,546 shares of the basic materials company's stock valued at $4,900,000 after purchasing an additional 1,361 shares during the period. Allworth Financial LP lifted its stake in shares of Royal Gold by 94.9% during the second quarter. Allworth Financial LP now owns 10,449 shares of the basic materials company's stock worth $2,086,000 after purchasing an additional 5,088 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Royal Gold by 1.0% during the second quarter. Arizona State Retirement System now owns 23,410 shares of the basic materials company's stock worth $4,673,000 after purchasing an additional 228 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its position in shares of Royal Gold by 21.7% in the second quarter. Murphy Pohlad Asset Management LLC now owns 1,765 shares of the basic materials company's stock worth $352,000 after buying an additional 315 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Stock Up 0.2%

RGLD opened at $250.11 on Tuesday. Royal Gold has a 12 month low of $168.88 and a 12 month high of $306.25. The business has a 50-day moving average of $232.36 and a two-hundred day moving average of $233.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 1.88 and a beta of 0.50.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (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 business had revenue of $468.98 million for the quarter, compared to analysts' expectations of $458.85 million. During the same period last year, the company earned $1.81 earnings per share. The company's quarterly revenue was up 114.9% on a year-over-year basis. On average, research analysts expect that Royal Gold will post 10.26 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold's payout ratio is presently 20.74%.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to purchase a portion of the metals produced from certain projects at predetermined prices, or to receive revenue-based payments tied to mineral production.

Royal Gold's portfolio is organized into two primary businesses: streams and royalties. Its streaming agreements generally provide rights to purchase gold, silver, copper or other metals from mining operations, while its royalty interests entitle the company to a percentage of revenue or production from a mine without bearing the operator's ongoing costs.

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