Royal Gold (NASDAQ:RGLD) PT Lowered to $160.00 at BMO Capital Markets

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL had its target price cut by equities research analysts at BMO Capital Markets from $162.00 to $160.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the basic materials company's stock. BMO Capital Markets' price objective would suggest a potential upside of 27.62% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Cantor Fitzgerald downgraded Royal Gold from an "overweight" rating to a "neutral" rating in a research note on Thursday, February 15th. Jefferies Financial Group started coverage on Royal Gold in a research note on Thursday, February 29th. They set a "hold" rating and a $117.00 price target for the company. Finally, National Bank Financial upgraded Royal Gold from a "sector perform" rating to an "outperform" rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.14.

Royal Gold Stock Performance

NASDAQ:RGLD traded up $1.96 during mid-day trading on Thursday, reaching $125.37. The company's stock had a trading volume of 439,292 shares, compared to its average volume of 428,125. Royal Gold has a 12-month low of $100.55 and a 12-month high of $141.62. The firm's fifty day moving average price is $117.80 and its two-hundred day moving average price is $115.69. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.24 billion, a P/E ratio of 34.14, a PEG ratio of 6.99 and a beta of 0.88.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.04). The business had revenue of $148.90 million during the quarter, compared to analysts' expectations of $147.02 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. Royal Gold's quarterly revenue was down 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. On average, equities analysts forecast that Royal Gold will post 4.36 EPS for the current fiscal year.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. bought a new position in Royal Gold in the 4th quarter worth approximately $27,000. Larson Financial Group LLC boosted its stake in 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 purchasing an additional 200 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Royal Gold in the 4th quarter worth approximately $31,000. BKM Wealth Management LLC bought a new position in Royal Gold in the 4th quarter worth approximately $36,000. Finally, Fidelis Capital Partners LLC bought a new position in Royal Gold in the 1st quarter worth approximately $36,000. 83.65% of the stock is currently owned by institutional investors.

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.