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

Key Points

• Analysts give Royal Gold a consensus "Moderate Buy" rating (12 analysts: 8 buy, 3 hold, 1 sell) with an average 12‑month price target of about $273.64.
• The company recently missed quarterly estimates, reporting EPS of $1.92 vs. $2.68 expected and revenue of $310.8M vs. $425.5M, though revenue was up 85% year‑over‑year and analysts forecast ~12.19 EPS for the year.
• Royal Gold pays a quarterly dividend of $0.475 (annualized $1.90, yield ~0.8%, payout ratio 27.9%), while insiders sold shares totaling about $2.13M in the last quarter and now own roughly 0.35% of the company.

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has earned an average recommendation of "Moderate Buy" from the twelve analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $273.6364.

Several analysts recently commented on RGLD shares. Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce restated a "neutral" rating and issued a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Scotiabank cut shares of Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 price objective on the stock. in a research note on Monday, January 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Gold in a report on Tuesday. Finally, National Bank Financial decreased their target price on shares of Royal Gold from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, April 17th.

Royal Gold Price Performance

Shares of RGLD opened at $252.36 on Friday. The business's 50-day moving average is $264.00 and its two-hundred day moving average is $236.21. The company has a market capitalization of $21.41 billion, a P/E ratio of 37.06, a P/E/G ratio of 1.51 and a beta of 0.55. Royal Gold has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The company had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same period last year, the firm earned $1.63 EPS. The business's quarterly revenue was up 85.2% compared to the same quarter last year. Research analysts predict that Royal Gold will post 12.19 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold's payout ratio is presently 27.90%.

Insiders Place Their Bets

In related news, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the transaction, the director owned 6,129 shares in the company, valued at $1,698,162.03. The trade was a 40.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel Breeze sold 1,400 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the transaction, the senior vice president directly owned 20,140 shares of the company's stock, valued at $6,059,521.80. The trade was a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 7,573 shares of company stock worth $2,127,091. Company insiders own 0.35% of the company's stock.

Institutional Trading of Royal Gold

Several institutional investors have recently bought and sold shares of RGLD. Elyxium Wealth LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc purchased a new position in shares of Royal Gold during the 4th quarter valued at approximately $27,000. Trust Co. of Toledo NA OH purchased a new position in shares of Royal Gold during the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in Royal Gold in the 4th quarter valued at $30,000. Finally, Bank & Trust Co grew its stake in Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 120 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.