Royal Gold (RGLD) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Gold in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RGLD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RGLD, but not buy additional shares or sell existing shares.
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10 analysts have issued twelve-month price objectives for Royal Gold's shares. Their RGLD share price forecasts range from $120.00 to $165.00. On average, they predict the company's share price to reach $140.33 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
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Royal Gold's stock was trading at $112.72 at the beginning of the year. Since then, RGLD stock has increased by 7.0% and is now trading at $120.57.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our RGLD earnings forecast.

Royal Gold, Inc. (NASDAQ:RGLD) released its quarterly earnings data on Wednesday, May, 3rd. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.02. The basic materials company had revenue of $170.40 million for the quarter, compared to analysts' expectations of $162.77 million. Royal Gold had a trailing twelve-month return on equity of 8.18% and a net margin of 38.80%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS.

Royal Gold announced a quarterly dividend on Wednesday, May 24th. Investors of record on Friday, July 7th will be paid a dividend of $0.375 per share on Friday, July 21st. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, July 6th.
Read our dividend analysis for RGLD.

ETFs with the largest weight of Royal Gold (NASDAQ:RGLD) stock in their portfolio include U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metal Miners Bull 2X Shares (MNM), VanEck Gold Miners ETF (GDX), WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Invesco DWA Basic Materials Momentum ETF (PYZ) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL).

Royal Gold (NASDAQ:RGLD) pays an annual dividend of $1.50 per share and currently has a dividend yield of 1.22%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RGLD will have a dividend payout ratio of 33.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RGLD.

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Gold investors own include Wheaton Precious Metals (WPM), NVIDIA (NVDA), Franco-Nevada (FNV), Agnico Eagle Mines (AEM), Newmont (NEM), Barrick Gold (GOLD), Freeport-McMoRan (FCX), Micron Technology (MU), Advanced Micro Devices (AMD) and QUALCOMM (QCOM).

Royal Gold trades on the NASDAQ under the ticker symbol "RGLD."

Royal Gold's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.68%), Van ECK Associates Corp (7.08%), State Street Corp (5.71%), Findlay Park Partners LLP (2.13%), Geode Capital Management LLC (1.49%) and Acadian Asset Management LLC (1.45%). Insiders that own company stock include Daniel Breeze, Mark Isto, Paul Libner, Randy Shefman and William M Hayes.
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Shares of RGLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RGLD stock can currently be purchased for approximately $120.57.

Royal Gold (NASDAQ:RGLD) has a market capitalization of $7.91 billion and generates $603.21 million in revenue each year. The basic materials company earns $238.98 million in net income (profit) each year or $3.61 on an earnings per share basis.

Royal Gold's mailing address is 1144 15TH STREET SUITE 2500, DENVER CO, 80202. The official website for the company is www.royalgold.com. The basic materials company can be reached via phone at (303) 573-1660, via email at kgross@royalgold.com, or via fax at 303-595-9385.