Royal Gold, Inc (RGLD) Expected to Post Earnings of $0.37 Per Share

Wall Street brokerages expect that Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) will announce earnings per share of $0.37 for the current quarter, Zacks reports. Zero analysts have issued estimates for Royal Gold’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.35. Royal Gold posted earnings per share of $0.44 during the same quarter last year, which indicates a negative year-over-year growth rate of 15.9%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, October 31st.

According to Zacks, analysts expect that Royal Gold will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.68 to $1.69. For the next fiscal year, analysts anticipate that the company will post earnings of $1.89 per share, with EPS estimates ranging from $1.79 to $1.98. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Royal Gold.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 8th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. The company had revenue of $116.20 million for the quarter, compared to analysts’ expectations of $115.57 million. Royal Gold had a negative net margin of 24.65% and a positive return on equity of 5.17%. Royal Gold’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS.



A number of brokerages recently commented on RGLD. ValuEngine upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered shares of Royal Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. Raymond James decreased their price target on shares of Royal Gold from $99.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, September 17th. Scotiabank set a $88.00 price target on shares of Royal Gold and gave the company a “hold” rating in a research note on Thursday, August 9th. Finally, National Bank Financial decreased their price target on shares of Royal Gold from $102.50 to $97.50 and set a “sector perform” rating on the stock in a research note on Saturday, July 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $97.86.

In other Royal Gold news, Director Sybil E. Veenman purchased 500 shares of the stock in a transaction dated Wednesday, September 26th. The shares were bought at an average price of $78.11 per share, with a total value of $39,055.00. Following the completion of the transaction, the director now directly owns 2,515 shares in the company, valued at approximately $196,446.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jamie C. Sokalsky purchased 2,000 shares of the stock in a transaction dated Monday, September 17th. The stock was acquired at an average cost of $77.18 per share, for a total transaction of $154,360.00. Following the transaction, the director now owns 10,185 shares of the company’s stock, valued at $786,078.30. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 4,500 shares of company stock worth $347,915. Insiders own 0.95% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in Royal Gold in the 2nd quarter worth approximately $151,000. Tiverton Asset Management LLC bought a new stake in shares of Royal Gold in the 2nd quarter worth approximately $318,000. Tyers Asset Management LLC lifted its holdings in shares of Royal Gold by 20.8% in the 2nd quarter. Tyers Asset Management LLC now owns 8,764 shares of the basic materials company’s stock worth $814,000 after acquiring an additional 1,512 shares during the last quarter. Visionary Asset Management Inc. lifted its holdings in shares of Royal Gold by 26.1% in the 3rd quarter. Visionary Asset Management Inc. now owns 4,635 shares of the basic materials company’s stock worth $357,000 after acquiring an additional 958 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Royal Gold by 36.4% in the 2nd quarter. FMR LLC now owns 537,267 shares of the basic materials company’s stock worth $49,880,000 after acquiring an additional 143,400 shares during the last quarter. 75.19% of the stock is owned by institutional investors.

Shares of RGLD stock traded up $0.66 on Friday, reaching $75.72. The stock had a trading volume of 595,383 shares, compared to its average volume of 537,057. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.27 and a current ratio of 2.45. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 4.49 and a beta of 0.43. Royal Gold has a 12 month low of $71.91 and a 12 month high of $98.53.

The company also recently declared a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, October 4th. Royal Gold’s dividend payout ratio (DPR) is presently 56.82%.

About Royal Gold

Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.

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Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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