Royal Gold Stock Gets Reduced EPS Estimate from Scotiabank

Key Points

• Scotiabank trimmed its FY2027 EPS forecast for Royal Gold to $11.87 from $11.92, while maintaining a Sector Perform rating and a $310 price target.
• Royal Gold reported quarterly EPS of $2.80, beating the $2.77 consensus, and revenue of $464.77 million, above estimates and up 84.4% year over year.
• Analysts overall hold a Moderate Buy consensus, with an average price target of $309.56; eight rate the stock Buy and three rate it Hold.

Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL - Scotiabank decreased their FY2027 earnings per share (EPS) estimates for Royal Gold in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $11.87 per share for the year, down from their previous forecast of $11.92. Scotiabank currently has a "Sector Perform" rating and a $310.00 target price on the stock. The consensus estimate for Royal Gold's current full-year earnings is $10.66 per share.

Several other analysts also recently weighed in on RGLD. UBS Group lifted their target price on shares of Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 7th. TD dropped their price target on shares of Royal Gold from $315.00 to $311.00 and set a "buy" rating on the stock in a research note on Tuesday, October 20th. Raymond James Financial reissued an "outperform" rating and set a $336.00 price target on shares of Royal Gold in a report on Tuesday, October 20th. Weiss Ratings upgraded shares of Royal Gold from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Finally, Canadian Imperial Bank of Commerce set a $305.00 price objective on shares of Royal Gold in a research report on Friday, October 16th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of "Moderate Buy" and an average target price of $309.56.

Royal Gold Stock Up 6.6%

Shares of Royal Gold stock opened at $246.08 on Thursday. The company has a market cap of $20.85 billion, a P/E ratio of 23.93, a PEG ratio of 1.67 and a beta of 0.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. Royal Gold has a one year low of $169.54 and a one year high of $306.25. The firm has a fifty day moving average of $244.53 and a two-hundred day moving average of $241.24.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.03. The firm had revenue of $464.77 million for the quarter, compared to analyst estimates of $459.84 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. Royal Gold's quarterly revenue was up 84.4% on a year-over-year basis. During the same period last year, the firm posted $2.06 EPS.

Institutional Investors Weigh In On Royal Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Royal Gold during the 2nd quarter worth $1,144,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Royal Gold in the 2nd quarter worth about $1,083,000. L2 Asset Management LLC purchased a new stake in shares of Royal Gold in the 2nd quarter worth about $1,147,000. Bank of America Corp DE acquired a new stake in Royal Gold in the 2nd quarter valued at about $88,124,000. Finally, Allworth Financial LP grew its stake in Royal Gold by 94.9% in the 2nd quarter. Allworth Financial LP now owns 10,449 shares of the basic materials company's stock valued at $2,086,000 after acquiring an additional 5,088 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the transaction, the senior vice president owned 8,082 shares in the company, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were issued a dividend of $0.4750 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Royal Gold's dividend payout ratio is currently 20.74%.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold's business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.

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