Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL's share price gapped down prior to trading on Monday . The stock had previously closed at $179.82, but opened at $166.93. Royal Gold shares last traded at $164.30, with a volume of 351,551 shares trading hands.
Analysts Set New Price Targets
Several equities analysts have issued reports on RGLD shares. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $166.00 to $189.00 in a report on Monday, April 14th. Royal Bank Of Canada decreased their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Raymond James Financial boosted their target price on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, CIBC lifted their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $192.13.
View Our Latest Stock Analysis on Royal Gold
Royal Gold Trading Down 6.4%
The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.44. The stock's fifty day simple moving average is $178.47 and its 200-day simple moving average is $160.67.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same quarter in the prior year, the business earned $0.91 EPS. Royal Gold's revenue was up 29.9% on a year-over-year basis. On average, analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.
Royal Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in RGLD. OMNI 360 Wealth Inc. lifted its stake in Royal Gold by 27.5% during the second quarter. OMNI 360 Wealth Inc. now owns 1,713 shares of the basic materials company's stock worth $305,000 after purchasing an additional 369 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Royal Gold during the second quarter worth approximately $438,000. Fiduciary Financial Group LLC boosted its holdings in shares of Royal Gold by 7.8% in the 2nd quarter. Fiduciary Financial Group LLC now owns 1,949 shares of the basic materials company's stock valued at $346,000 after buying an additional 141 shares in the last quarter. Swedbank AB raised its stake in Royal Gold by 75.1% during the 1st quarter. Swedbank AB now owns 207,155 shares of the basic materials company's stock worth $33,872,000 after acquiring an additional 88,828 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Royal Gold by 60.7% during the 1st quarter. Voya Investment Management LLC now owns 68,544 shares of the basic materials company's stock worth $11,208,000 after acquiring an additional 25,878 shares in the last quarter. Hedge funds and other 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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