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

Key Points

• Royal Gold, Inc. has received a consensus rating of "Moderate Buy" from nine brokerage firms, with an average target price of $198.6250.
• In its latest quarterly earnings, Royal Gold reported $1.81 earnings per share, exceeding estimates and reflecting a 20.4% increase in year-over-year revenue.
• The company declared a quarterly dividend of $0.45 per share, culminating in an annualized yield of 0.9%.

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL has received a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $198.6250.

A number of research analysts have recently weighed in on the stock. TD Securities restated a "buy" rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Royal Gold in a research note on Saturday, September 27th. Zacks Research lowered shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Wall Street Zen upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Canaccord Genuity Group raised their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th.

Royal Gold Trading Up 1.6%

Royal Gold stock opened at $203.57 on Tuesday. The company has a market capitalization of $13.40 billion, a P/E ratio of 29.85, a P/E/G ratio of 1.58 and a beta of 0.41. The firm's fifty day simple moving average is $179.72 and its 200-day simple moving average is $175.07. Royal Gold has a 1-year low of $130.67 and a 1-year high of $205.90.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results 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. 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%. Royal Gold's revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. On average, equities research analysts predict that Royal Gold will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The company 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 $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Royal Gold's dividend payout ratio (DPR) is presently 26.39%.

Institutional Inflows and Outflows

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

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