Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL gapped down prior to trading on Monday . The stock had previously closed at $184.41, but opened at $176.23. Royal Gold shares last traded at $174.01, with a volume of 69,591 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently weighed in on RGLD. CIBC boosted their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James boosted their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. BMO Capital Markets began coverage on Royal Gold in a report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 price target for the company. Finally, Royal Bank of Canada lowered their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.
Get Our Latest Stock Report on Royal Gold
Royal Gold Trading Down 7.0%
The company has a market cap of $11.29 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. The stock has a 50-day simple moving average of $168.07 and a 200-day simple moving average of $151.80.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.14. The business had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The company'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 earnings per share. As a group, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.
Royal Gold Dividend Announcement
The company 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 1.05%. Royal Gold's dividend payout ratio (DPR) is 29.80%.
Insider Activity
In related 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 transaction, the senior vice president now owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in Royal Gold in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Royal Gold in the first quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold in the first quarter worth $34,000. Bayforest Capital Ltd boosted its position in shares of Royal Gold by 256.5% in the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after buying an additional 177 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Royal Gold during the fourth quarter valued at $42,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.
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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