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 stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Several other research firms also recently issued reports on RGLD. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. CIBC raised their target price on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Royal Bank of Canada reduced their price objective 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. Raymond James lifted their price objective on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, BMO Capital Markets set a $197.00 target price on Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $183.13.

Royal Gold Trading Down 0.2%

Shares of NASDAQ:RGLD traded down $0.34 during trading on Friday, hitting $178.34. 142,896 shares of the stock were exchanged, compared to its average volume of 417,187. Royal Gold has a 12-month low of $119.72 and a 12-month high of $191.78. The company has a market cap of $11.74 billion, a PE ratio of 35.38, a P/E/G ratio of 3.42 and a beta of 0.48. The company has a fifty day moving average price of $173.09 and a two-hundred day moving average price of $153.94.

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 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. The company had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The firm's revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Equities research analysts anticipate that Royal Gold will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company's stock.

Institutional Investors Weigh In On Royal Gold

A number of institutional investors have recently added to or reduced their stakes in RGLD. WPG Advisers LLC acquired a new position in Royal Gold during the 1st quarter worth $27,000. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $25,000. Alpine Bank Wealth Management acquired a new position in shares of Royal Gold in the 1st quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new position in shares of Royal Gold in the 1st quarter valued at $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Royal Gold in the 1st quarter valued at $40,000. 83.65% of the stock is owned by institutional investors and hedge funds.

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.