Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL will announce its earnings results on Wednesday, April 17th. Investors that are interested in participating in the company's conference call can do so using this link.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The business had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. During the same quarter in the previous year, the company earned $0.91 EPS. The company's quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts expect Royal Gold to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Royal Gold Price Performance
RGLD stock traded up $0.04 on Tuesday, reaching $121.05. The company had a trading volume of 532,247 shares, compared to its average volume of 425,424. Royal Gold has a 1 year low of $100.55 and a 1 year high of $147.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. The company's fifty day moving average is $112.95 and its 200 day moving average is $113.92. The company has a market cap of $7.96 billion, a P/E ratio of 33.24, a PEG ratio of 6.14 and a beta of 0.87.
Royal Gold Announces Dividend
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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, April 4th. Royal Gold's payout ratio is currently 43.96%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Royal Gold in a research note on Thursday, February 29th. They issued a "hold" rating and a $117.00 target price on the stock. Cantor Fitzgerald lowered Royal Gold from an "overweight" rating to a "neutral" rating in a research note on Thursday, February 15th. National Bank Financial raised Royal Gold from a "sector perform" rating to an "outperform" rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets raised Royal Gold from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $148.00 to $158.00 in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Royal Gold presently has a consensus rating of "Hold" and a consensus price target of $145.67.
Read Our Latest Report on RGLD
Insider Transactions at Royal Gold
In other news, SVP Randy Shefman sold 500 shares of the company's stock in a transaction on Monday, March 11th. The stock was 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 directly owns 12,127 shares in the company, valued at approximately $1,370,351. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.40% of the company's stock.
Institutional Trading of Royal Gold
Several large investors have recently added to or reduced their stakes in RGLD. US Bancorp DE increased its holdings in Royal Gold by 3.2% in the 1st quarter. US Bancorp DE now owns 3,913 shares of the basic materials company's stock valued at $552,000 after purchasing an additional 123 shares in the last quarter. HighTower Advisors LLC increased its holdings in Royal Gold by 17.9% in the 1st quarter. HighTower Advisors LLC now owns 6,544 shares of the basic materials company's stock valued at $921,000 after purchasing an additional 993 shares in the last quarter. Private Advisor Group LLC purchased a new position in Royal Gold in the 1st quarter valued at about $251,000. PNC Financial Services Group Inc. boosted its position in Royal Gold by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,042 shares of the basic materials company's stock valued at $572,000 after buying an additional 96 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Royal Gold by 9.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 35,641 shares of the basic materials company's stock valued at $5,174,000 after buying an additional 2,988 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.
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.
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