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

Key Points

• Royal Gold has a consensus analyst rating of “Moderate Buy” from 12 brokerages, with an average 12-month price target of $280.30.
• Recent analyst moves were mixed: UBS and Jefferies trimmed their price targets but kept buy ratings, while Zacks upgraded the stock from strong sell to hold.
• The company also announced a quarterly dividend of $0.475 per share, payable July 16, giving an annualized yield of about 1.0%.

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has been assigned a consensus rating of "Moderate Buy" from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $280.30.

Several brokerages have commented on RGLD. UBS Group dropped their target price on shares of Royal Gold from $325.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Jefferies Financial Group decreased their price objective on Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a research note on Monday. Zacks Research upgraded Royal Gold from a "strong sell" rating to a "hold" rating in a report on Thursday, July 2nd. National Bank Financial cut their target price on Royal Gold from $350.00 to $340.00 and set an "outperform" rating on the stock in a research note on Friday, April 17th. Finally, Weiss Ratings cut Royal Gold from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president owned 9,082 shares in the company, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by insiders.

Institutional Investors Weigh In On Royal Gold

Several hedge funds have recently bought and sold shares of RGLD. Axiom Investment Management LLC bought a new stake in shares of Royal Gold in the 1st quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in Royal Gold during the 4th quarter worth $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold during the fourth quarter worth about $27,000. Scarborough Advisors LLC bought a new position in Royal Gold during the first quarter worth about $32,000. Finally, Grove Bank & Trust grew its stake in Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 62 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of RGLD stock opened at $191.93 on Thursday. Royal Gold has a 1 year low of $150.75 and a 1 year high of $306.25. The firm's 50 day moving average is $217.66 and its 200-day moving average is $245.64. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.46 and a beta of 0.44. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, July 2nd. Royal Gold's dividend payout ratio (DPR) is currently 22.65%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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