Royal Gold (NASDAQ:RGLD) Shares Gap Down - Should You Sell?

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL shares gapped down before the market opened 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 traded.

Wall Street Analysts Forecast Growth

RGLD has been the topic of a number of research reports. CIBC boosted their target price on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reduced 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 Financial boosted their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Canaccord Genuity Group boosted their price target on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.13.

Royal Gold Trading Down 4.5%

The stock's 50-day moving average is $178.22 and its 200-day moving average is $160.91. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.30 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. 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 previous year, the company earned $0.91 EPS. Royal Gold's quarterly revenue was up 29.9% compared to the same quarter last year. As a group, analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.12%. Royal Gold's payout ratio is presently 29.80%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. WPG Advisers LLC bought a new stake in shares of Royal Gold in the 1st quarter worth $27,000. Alpine Bank Wealth Management bought a new stake in shares of Royal Gold in the 1st quarter worth $32,000. Banque Cantonale Vaudoise bought a new stake in shares of Royal Gold in the 1st quarter worth $34,000. Bayforest Capital Ltd grew its stake in shares of Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after acquiring an additional 177 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Royal Gold in the 1st quarter worth $40,000. Institutional investors and hedge funds own 83.65% of the company's stock.

About Royal Gold

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.