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

Key Points

• Royal Gold, Inc. has received an average analyst rating of "Moderate Buy", with two hold recommendations and five buy ratings from the seven brokerages covering the stock.
• The company reported $1.81 earnings per share, surpassing expectations of $1.70, and its quarterly revenue increased by 20.4% compared to the same quarter last year.
• Royal Gold recently announced a quarterly dividend of $0.45 per share, equating to an annualized dividend of $1.80 and a yield of 1.0%.

Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL have been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $198.6250.

A number of analysts recently commented on RGLD shares. TD Securities reissued a "buy" rating and set a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. CIBC boosted their price objective 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. Wall Street Zen downgraded shares of Royal Gold from a "buy" rating to a "hold" rating in a report on Saturday. Canaccord Genuity Group boosted their price objective on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Finally, BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd.

Royal Gold Stock Up 1.1%

Shares of NASDAQ:RGLD opened at $171.45 on Monday. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.22 and a beta of 0.40. The firm's 50-day simple moving average is $167.55 and its 200-day simple moving average is $165.79. Royal Gold has a fifty-two week low of $130.67 and a fifty-two week high of $191.78.

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

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.45 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Royal Gold's payout ratio is presently 26.39%.

Hedge Funds Weigh In On Royal Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC acquired a new position in Royal Gold during the second quarter worth about $206,000. Ion Asset Management Ltd. acquired a new position in Royal Gold during the second quarter worth about $729,000. Captrust Financial Advisors raised its position in Royal Gold by 14.4% during the second quarter. Captrust Financial Advisors now owns 11,857 shares of the basic materials company's stock worth $2,109,000 after acquiring an additional 1,495 shares during the last quarter. Vident Advisory LLC raised its position in shares of Royal Gold by 4.6% in the second quarter. Vident Advisory LLC now owns 6,074 shares of the basic materials company's stock valued at $1,080,000 after buying an additional 265 shares during the last quarter. Finally, Snowden Capital Advisors LLC acquired a new position in shares of Royal Gold in the second quarter valued at approximately $325,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.