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

Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL have been assigned an average rating of "Hold" from the nine analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $144.00.

A number of equities analysts recently weighed in on the stock. National Bank Financial upgraded shares of Royal Gold from a "sector perform" rating to an "outperform" rating in a research report on Thursday, February 15th. BMO Capital Markets upgraded shares of Royal Gold from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $148.00 to $158.00 in a report on Wednesday, March 27th. Jefferies Financial Group started coverage on shares of Royal Gold in a report on Thursday, February 29th. They issued a "hold" rating and a $117.00 target price on the stock. Finally, Cantor Fitzgerald lowered shares of Royal Gold from an "overweight" rating to a "neutral" rating in a report on Thursday, February 15th.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the completion of the sale, the senior vice president now owns 12,127 shares in the company, valued at approximately $1,370,351. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

Institutional Trading of Royal Gold

A number of large investors have recently bought and sold shares of RGLD. Rakuten Securities Inc. acquired a new stake in shares of Royal Gold in the 4th quarter worth $27,000. Larson Financial Group LLC lifted its stake in shares of Royal Gold by 526.3% in the 4th quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company's stock worth $29,000 after acquiring an additional 200 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Gold in the 4th quarter worth $31,000. Quarry LP acquired a new stake in shares of Royal Gold in the 2nd quarter worth $31,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in shares of Royal Gold in the 3rd quarter worth $36,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Price Performance

RGLD traded up $2.95 on Friday, reaching $125.35. 731,745 shares of the company's stock were exchanged, compared to its average volume of 413,822. The stock has a market cap of $8.23 billion, a PE ratio of 34.44, a P/E/G ratio of 2.50 and a beta of 0.87. Royal Gold has a twelve month low of $100.55 and a twelve month high of $147.82. The stock's fifty day moving average price is $112.03 and its 200-day moving average price is $113.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.20. The firm had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. Royal Gold's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Sell-side analysts expect that Royal Gold will post 4.17 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, April 4th. Royal Gold's dividend payout ratio (DPR) is 43.96%.

Royal Gold Company Profile

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.