Royal Gold (NASDAQ:RGLD) Upgraded by Wall Street Zen to Strong-Buy Rating

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Other research analysts have also recently issued research reports about the stock. Raymond James upped their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada dropped their price objective 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. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. CIBC raised their price objective 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. Finally, BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.13.

Royal Gold Trading Up 0.5%

Shares of NASDAQ:RGLD traded up $0.92 during mid-day trading on Friday, reaching $179.40. The stock had a trading volume of 334,090 shares, compared to its average volume of 418,552. The firm has a market cap of $11.81 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. The firm has a 50 day simple moving average of $173.96 and a two-hundred day simple moving average of $154.36. Royal Gold has a twelve month low of $119.72 and a twelve month high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly 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. The business had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Royal Gold's revenue for the quarter was up 29.9% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. On average, equities analysts anticipate that Royal Gold will post 6.2 EPS for the current fiscal year.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value 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 $1,450,612.80. This trade represents a 12.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.49% of the company's stock.

Institutional Trading of Royal Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Royal Gold during the 4th quarter worth about $741,000. Arizona State Retirement System boosted its holdings in shares of Royal Gold by 0.8% during the 4th quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock worth $2,515,000 after buying an additional 149 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Royal Gold by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after buying an additional 5,067 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Royal Gold by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company's stock worth $1,715,000 after buying an additional 199 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Royal Gold by 10.1% during the 4th quarter. US Bancorp DE now owns 3,215 shares of the basic materials company's stock worth $424,000 after buying an additional 295 shares during the period. Institutional investors own 83.65% of the company's stock.

Royal Gold Company Profile

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.