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

Key Points

• Royal Gold, Inc. has received an average rating of "Moderate Buy" from eight analysts, with three holding ratings and five assigning buy ratings.
• Analysts have set an average 1-year price target at $198.63, with TD Securities recently increasing their price objective to $237.00.
• The company reported a 20.4% year-over-year revenue increase in its latest quarterly earnings, with an earnings per share of $1.81, exceeding estimates.

Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $198.6250.

RGLD has been the subject of a number of research reports. Zacks Research cut Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Canaccord Genuity Group lifted their price objective on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. TD Securities reissued a "buy" rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Finally, Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th.

Royal Gold Stock Performance

Shares of NASDAQ RGLD traded down $2.49 during trading on Friday, reaching $188.10. The stock had a trading volume of 993,678 shares, compared to its average volume of 694,870. Royal Gold has a fifty-two week low of $130.67 and a fifty-two week high of $196.00. The business's 50-day moving average price is $169.64 and its 200-day moving average price is $170.93. The company has a market cap of $12.38 billion, a P/E ratio of 27.58, a PEG ratio of 1.51 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business had revenue of $209.64 million during the quarter, compared to analysts' expectations of $186.63 million. During the same period in the previous year, the firm posted $1.25 earnings per share. The company's revenue was up 20.4% on a year-over-year basis. Analysts forecast that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 3rd. Royal Gold's payout ratio is presently 26.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC acquired a new position in Royal Gold during the 1st quarter worth $27,000. Cullen Frost Bankers Inc. boosted its position in shares of Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company's stock worth $31,000 after acquiring an additional 148 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Royal Gold during the 1st quarter worth about $32,000. Blue Trust Inc. boosted its position in shares of Royal Gold by 56.8% during the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company's stock worth $35,000 after acquiring an additional 71 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Royal Gold during the 1st quarter worth about $34,000. 83.65% of the stock is owned by institutional investors and hedge funds.

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.