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

Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $192.13.

A number of research firms have issued reports on RGLD. Royal Bank Of Canada decreased their target price 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. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. Wall Street Zen raised Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. CIBC boosted their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Canaccord Genuity Group upped their price target on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th.

Institutional Investors Weigh In On Royal Gold

Several hedge funds have recently bought and sold shares of RGLD. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Royal Gold during the fourth quarter valued at approximately $741,000. Arizona State Retirement System increased its stake in shares of Royal Gold by 0.8% during the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock valued at $2,515,000 after buying an additional 149 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Royal Gold by 8.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,196 shares of the basic materials company's stock worth $4,447,000 after acquiring an additional 2,015 shares during the period. Charles Schwab Investment Management Inc. increased its position in Royal Gold by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock valued at $63,843,000 after purchasing an additional 5,067 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Royal Gold by 38.1% in the first quarter. QRG Capital Management Inc. now owns 3,718 shares of the basic materials company's stock worth $608,000 after buying an additional 1,025 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Up 1.0%

Shares of NASDAQ:RGLD traded up $1.85 during midday trading on Friday, reaching $179.47. The company had a trading volume of 206,115 shares, compared to its average volume of 438,483. Royal Gold has a 1-year low of $125.00 and a 1-year high of $191.78. The stock has a market cap of $11.81 billion, a PE ratio of 29.70, a P/E/G ratio of 1.29 and a beta of 0.44. The business's 50 day moving average price is $178.56 and its 200 day moving average price is $159.70.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.14. The business had revenue of $193.44 million during the quarter, compared to analysts' expectations of $176.17 million. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The business's revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 EPS. On average, research analysts expect that Royal Gold will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's payout ratio is currently 29.80%.

About Royal Gold

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.