Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt. As of June 30, 2022, the Company owned interests in 185 properties on five continents, including interests on 41 producing mines and 19 development stage projects. Its stream and royalty interests on properties are located in the United States, Canada, Chile, the Dominican Republic, Australia, Africa, Mexico, and internationally. Royal Gold, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. TD Securities lowered their price target on shares of Royal Gold from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, August 5th. Canaccord Genuity Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research report on Monday, June 13th. Barclays decreased their target price on shares of Royal Gold to $110.00 in a research report on Tuesday, August 9th. Raymond James reduced their price target on shares of Royal Gold from $144.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. Finally, National Bank Financial cut their target price on shares of Royal Gold from $165.00 to $150.00 in a research report on Thursday, July 21st. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $138.00.
Royal Gold Trading Up 0.3 %
Royal Gold stock opened at $100.15 on Friday. The firm's 50 day simple moving average is $105.57 and its 200 day simple moving average is $119.09. The firm has a market capitalization of $6.57 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.86 and a beta of 0.61. Royal Gold has a 1-year low of $92.01 and a 1-year high of $147.70.
Royal Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, June 30th. Royal Gold's dividend payout ratio (DPR) is presently 33.41%.
Insider Buying and Selling
In other Royal Gold news, VP Randy Shefman sold 638 shares of the business's stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $117.57, for a total value of $75,009.66. Following the completion of the transaction, the vice president now owns 9,456 shares of the company's stock, valued at approximately $1,111,741.92. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by insiders.