NASDAQ:RGLD - Get Free Report ) TSE: RGL posted its earnings results on Wednesday. The basic materials company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04), Briefing.com reports. The business had revenue of $148.90 million for the quarter, compared to analysts' expectations of $147.02 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business's revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share.
Get Royal Gold alerts:
Sign Up
Royal Gold Trading Up 1.6 % RGLD traded up $1.96 on Thursday, reaching $125.37. 439,230 shares of the company's stock were exchanged, compared to its average volume of 428,125. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 6.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. Royal Gold has a twelve month low of $100.55 and a twelve month high of $141.62. The company's 50 day moving average is $117.80 and its 200-day moving average is $115.69.
Royal Gold Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, April 4th. Royal Gold's dividend payout ratio is currently 43.96%.
Analysts Set New Price Targets RGLD has been the topic of a number of recent research reports. BMO Capital Markets reduced their target price on Royal Gold from $162.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday. Cantor Fitzgerald cut Royal Gold from an "overweight" rating to a "neutral" rating in a research report on Thursday, February 15th. Jefferies Financial Group assumed 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, National Bank Financial raised shares of Royal Gold from a "sector perform" rating to an "outperform" rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $141.14.
Get Our Latest Analysis on RGLD
Insiders Place Their Bets In other news, SVP Randy Shefman sold 500 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the transaction, the senior vice president now owns 12,127 shares of the company's stock, valued at approximately $1,370,351. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . 0.52% of the stock is owned by insiders.
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.
Featured Stories
Before you consider Royal Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Gold wasn't on the list.
While Royal Gold currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
