Royal Gold (NASDAQ:RGLD) (TSE:RGL) – Stock analysts at National Bank Financial increased their FY2018 earnings per share (EPS) estimates for shares of Royal Gold in a research report issued on Monday, April 9th. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $1.69 per share for the year, up from their prior forecast of $1.67. National Bank Financial currently has a “Sector Perform” rating and a $102.50 target price on the stock. National Bank Financial also issued estimates for Royal Gold’s FY2019 earnings at $1.98 EPS.
Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald started coverage on Royal Gold in a report on Thursday, January 4th. They set a “buy” rating and a $105.00 price objective for the company. TD Securities dropped their price objective on Royal Gold from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, December 29th. Canaccord Genuity upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. BMO Capital Markets set a $102.00 price objective on Royal Gold and gave the company a “buy” rating in a report on Wednesday, March 28th. Finally, ValuEngine upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $95.46.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Royal Gold had a net margin of 13.00% and a return on equity of 4.31%. The business had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $114.79 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Royal Gold’s revenue was up 6.9% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of RGLD. New York State Common Retirement Fund lifted its holdings in shares of Royal Gold by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 157,700 shares of the basic materials company’s stock worth $13,569,000 after buying an additional 5,800 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Royal Gold in the 3rd quarter worth $267,000. Legal & General Group Plc lifted its holdings in shares of Royal Gold by 15.8% in the 3rd quarter. Legal & General Group Plc now owns 87,464 shares of the basic materials company’s stock worth $7,526,000 after buying an additional 11,965 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Royal Gold by 4.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 234,398 shares of the basic materials company’s stock worth $20,168,000 after buying an additional 9,879 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Royal Gold by 6.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 684,332 shares of the basic materials company’s stock worth $58,882,000 after buying an additional 38,500 shares during the period. Institutional investors and hedge funds own 77.65% of the company’s stock.
In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $88.50, for a total value of $132,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 4,500 shares of company stock valued at $389,160 over the last quarter. Company insiders own 1.12% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, April 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, April 5th. Royal Gold’s dividend payout ratio is 64.52%.
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Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar 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. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.
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