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

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has been assigned an average rating of "Hold" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $178.00.

Several research analysts recently weighed in on RGLD shares. BMO Capital Markets initiated coverage on Royal Gold in a research note on Wednesday. They set a "market perform" rating and a $196.00 target price on the stock. Royal Bank of Canada cut their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James boosted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and lifted their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th.

Royal Gold Stock Performance

RGLD traded down $1.55 on Tuesday, hitting $184.90. The company had a trading volume of 566,791 shares, compared to its average volume of 402,883. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 3.42 and a beta of 0.77. The stock has a fifty day moving average price of $157.56 and a 200-day moving average price of $147.64. Royal Gold has a 12-month low of $118.00 and a 12-month high of $191.22.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Analysts forecast that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 0.97%. Royal Gold's dividend payout ratio is currently 35.71%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company's stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its holdings in Royal Gold by 61.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after buying an additional 110 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Royal Gold by 2.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,083 shares of the basic materials company's stock valued at $3,659,000 after acquiring an additional 640 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Royal Gold by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company's stock worth $185,454,000 after acquiring an additional 33,151 shares in the last quarter. Virtu Financial LLC purchased a new stake in Royal Gold during the third quarter worth approximately $474,000. Finally, Sanctuary Advisors LLC acquired a new position in Royal Gold in the third quarter valued at approximately $591,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

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.