Investment analysts at BMO Capital Markets started coverage on shares of Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL in a research report issued to clients and investors on Wednesday. The firm set a "market perform" rating and a $196.00 price target on the basic materials company's stock. BMO Capital Markets' target price indicates a potential upside of 6.02% from the stock's previous close.
RGLD has been the topic of a number of other research reports. Scotiabank upgraded 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 research note on Monday, April 14th. Royal Bank of Canada cut their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Raymond James increased their price target on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and lifted their price objective for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $178.00.
Check Out Our Latest Report on RGLD
Royal Gold Stock Performance
RGLD stock traded down $0.03 during midday trading on Wednesday, reaching $184.87. 371,786 shares of the company were exchanged, compared to its average volume of 402,583. The stock's 50-day simple moving average is $158.36 and its 200 day simple moving average is $148.04. Royal Gold has a 1-year low of $118.00 and a 1-year high of $191.47. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share 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%. On average, research analysts anticipate that Royal Gold will post 6.2 earnings per share for the current year.
Insider Transactions at Royal Gold
In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company's stock.
Institutional Trading of Royal Gold
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC purchased a new stake in shares of Royal Gold during the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Royal Gold in the 4th quarter worth about $42,000. Jones Financial Companies Lllp raised its stake in Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after buying an additional 293 shares in the last quarter. IFP Advisors Inc lifted its stake in Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after purchasing an additional 158 shares during the last quarter. Finally, Human Investing LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at about $73,000. Hedge funds and other institutional investors own 83.65% of the company's stock.
About Royal Gold
(
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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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