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Royal Gold, Inc. (NASDAQ:RGLD) Given Consensus Recommendation of "Moderate Buy" by Analysts

Royal Gold logo with Basic Materials background

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $192.13.

Several research firms recently weighed in on RGLD. Royal Bank Of Canada dropped their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Raymond James Financial lifted their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Canaccord Genuity Group boosted their target price on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. CIBC boosted their target price on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.

View Our Latest Stock Analysis on Royal Gold

Royal Gold Stock Performance

Shares of NASDAQ RGLD traded down $0.58 during mid-day trading on Thursday, hitting $154.99. 651,399 shares of the stock traded hands, compared to its average volume of 923,975. Royal Gold has a 52 week low of $125.68 and a 52 week high of $191.78. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.10 and a beta of 0.44. The stock has a fifty day moving average price of $172.93 and a 200-day moving average price of $163.09.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The company had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. During the same period in the previous year, the company posted $0.91 earnings per share. The firm's revenue was up 29.9% on a year-over-year basis. As a group, sell-side analysts predict that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, July 3rd. Royal Gold's dividend payout ratio is currently 29.80%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital World Investors raised its stake in shares of Royal Gold by 0.4% in the fourth quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock worth $1,156,842,000 after purchasing an additional 37,648 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Royal Gold by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company's stock worth $1,095,336,000 after purchasing an additional 46,956 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Royal Gold by 68.8% in the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company's stock worth $274,887,000 after purchasing an additional 685,857 shares during the last quarter. Findlay Park Partners LLP raised its stake in shares of Royal Gold by 1.4% in the first quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company's stock worth $202,921,000 after purchasing an additional 16,600 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after purchasing an additional 168,569 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Company Profile

(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.

See Also

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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