Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.
RGLD has been the topic of several other research reports. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Canaccord Genuity Group raised their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. Finally, Raymond James Financial upped their target price 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.13.
View Our Latest Analysis on RGLD
Royal Gold Price Performance
Shares of Royal Gold stock traded up $3.75 during trading hours on Friday, reaching $160.18. The company had a trading volume of 1,411,094 shares, compared to its average volume of 614,495. Royal Gold has a one year low of $127.31 and a one year high of $191.78. The firm has a market cap of $10.54 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.08 and a beta of 0.40. The business has a fifty day simple moving average of $169.91 and a 200 day simple moving average of $163.97.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The business had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. The company's quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, research analysts forecast that Royal Gold will post 6.2 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. WPG Advisers LLC bought a new stake in shares of Royal Gold during the 1st quarter valued at about $27,000. Cullen Frost Bankers Inc. boosted its position in Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 148 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in shares of Royal Gold during the 1st quarter worth approximately $32,000. Banque Cantonale Vaudoise bought a new position in shares of Royal Gold in the 1st quarter worth approximately $34,000. Finally, Blue Trust Inc. raised its position in shares of Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company's stock worth $35,000 after acquiring an additional 71 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.
About Royal Gold
(
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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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