Royal Gold, Inc. (NASDAQ:RGLD) Receives Consensus Rating of "Hold" from Brokerages

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has been assigned a consensus rating of "Hold" from the nine ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $183.13.

RGLD has been the topic of several recent research reports. Royal Bank of Canada reduced their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Raymond James raised their price target on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. CIBC raised their price target on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now directly owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. WPG Advisers LLC purchased a new position in Royal Gold during the 1st quarter valued at about $27,000. Alpine Bank Wealth Management purchased a new position in Royal Gold during the 1st quarter valued at about $32,000. Banque Cantonale Vaudoise purchased a new position in Royal Gold during the 1st quarter valued at about $34,000. Caitong International Asset Management Co. Ltd purchased a new position in Royal Gold during the 1st quarter valued at about $40,000. Finally, Bayforest Capital Ltd lifted its position in Royal Gold by 256.5% during the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 177 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

NASDAQ RGLD traded down $7.92 on Wednesday, hitting $175.93. The stock had a trading volume of 682,089 shares, compared to its average volume of 424,287. Royal Gold has a 52-week low of $119.72 and a 52-week high of $191.78. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 3.42 and a beta of 0.44. The firm has a 50-day moving average of $176.42 and a 200-day moving average of $156.05.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. The firm had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The business's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, research analysts anticipate that Royal Gold will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.02%. Royal Gold's dividend payout ratio is 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.