BMO Capital Markets upgraded shares of Royal Gold (NASDAQ:RGLD - Free Report) TSE: RGL to a hold rating in a research note issued to investors on Tuesday, April 15th,Zacks.com reports.
A number of other equities research analysts also recently weighed in on RGLD. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and increased their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James upped their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, Royal Bank of Canada decreased 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $178.00.
Check Out Our Latest Report on Royal Gold
Royal Gold Trading Down 1.7 %
RGLD stock traded down $3.11 during mid-day trading on Tuesday, hitting $182.81. 305,726 shares of the company were exchanged, compared to its average volume of 403,795. The business has a 50 day simple moving average of $159.14 and a 200-day simple moving average of $148.37. The stock has a market capitalization of $12.03 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. Royal Gold has a 1-year low of $118.00 and a 1-year high of $191.78.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Equities research analysts expect that Royal Gold will post 6.2 earnings per share for the current year.
Royal Gold Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is currently 35.71%.
Insider Activity at Royal Gold
In other news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new position in shares of Royal Gold during the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth $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 worth $49,000 after buying an additional 293 shares during the last quarter. IFP Advisors Inc lifted its holdings in Royal Gold by 66.7% in the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after buying an additional 158 shares during the period. Finally, Human Investing LLC bought a new stake in Royal Gold during the fourth quarter valued at $73,000. 83.65% of the stock is 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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