Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL had its price objective boosted by equities research analysts at Canaccord Genuity Group from $202.00 to $203.00 in a research note issued on Wednesday,BayStreet.CA reports. Canaccord Genuity Group's price target points to a potential upside of 13.39% from the stock's previous close.
RGLD has been the subject of a number of other reports. Raymond James raised their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Royal Bank of Canada decreased their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company 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 upped their price target for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Finally, CIBC lifted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.33.
Check Out Our Latest Report on RGLD
Royal Gold Stock Performance
RGLD stock traded up $4.47 during midday trading on Wednesday, hitting $179.03. 406,207 shares of the company's stock were exchanged, compared to its average volume of 425,692. The stock's fifty day moving average price is $177.17 and its 200-day moving average price is $156.55. Royal Gold has a one year low of $119.72 and a one year high of $191.78. The company has a market cap of $11.78 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 3.42 and a beta of 0.44.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. The firm had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The business's revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, analysts expect that Royal Gold will post 6.2 EPS for the current year.
Insider Transactions at Royal Gold
In related news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction on 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 sale, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.49% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in RGLD. AQR Capital Management LLC raised its stake in Royal Gold by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company's stock worth $274,887,000 after purchasing an additional 685,857 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Royal Gold by 17,722.4% during the first quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after purchasing an additional 454,934 shares during the period. Select Equity Group L.P. acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $55,825,000. Norges Bank acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $44,009,000. Finally, Nuveen LLC bought a new stake in shares of Royal Gold in the first quarter valued at approximately $40,882,000. Institutional investors own 83.65% of the company's stock.
About Royal Gold
(
Get Free Report)
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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