Royal Gold, Inc. (NASDAQ:RGLD) to Issue Quarterly Dividend of $0.47

Key Points

• Royal Gold declared a quarterly dividend of $0.475 per share, payable October 16 to shareholders of record on October 2. The company has increased its dividend for 25 consecutive years, with a projected annual payout of $1.90.
• Royal Gold reported quarterly EPS of $2.56, slightly above estimates, while revenue rose 114.9% year over year to $468.98 million. Its 23.6% payout ratio indicates the dividend is well covered by earnings.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $285.10; the stock recently traded at $230.43.

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL announced a quarterly dividend on Tuesday, August 18th. Investors of record on Friday, October 2nd will be paid a dividend of 0.475 per share by the basic materials company on Friday, October 16th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 2nd.

Royal Gold has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 25 consecutive years. Royal Gold has a payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $11.71 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 16.2%.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $230.43 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The company has a fifty day moving average of $207.17 and a two-hundred day moving average of $236.83. The stock has a market capitalization of $19.52 billion, a PE ratio of 25.16, a P/E/G ratio of 1.74 and a beta of 0.44. Royal Gold has a fifty-two week low of $166.51 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. The business had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company's revenue was up 114.9% compared to the same quarter last year. During the same period last year, the firm posted $1.81 earnings per share. As a group, research analysts forecast that Royal Gold will post 10.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Scotiabank reissued a "sector perform" rating and set a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Weiss Ratings downgraded Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Zacks Research lowered Royal Gold from a "hold" rating to a "strong sell" rating in a research note on Friday, July 31st. Finally, UBS Group boosted their price target on Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $285.10.

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.

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