Royal Gold (NASDAQ:RGLD) (TSE:RGL) is set to post its quarterly earnings results after the market closes on Wednesday, October 31st. Analysts expect Royal Gold to post earnings of $0.35 per share for the quarter.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Royal Gold had a negative net margin of 24.65% and a positive return on equity of 5.17%. The firm had revenue of $116.20 million during the quarter, compared to the consensus estimate of $115.57 million. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts expect Royal Gold to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ:RGLD opened at $75.72 on Monday. The company has a quick ratio of 2.27, a current ratio of 2.45 and a debt-to-equity ratio of 0.16. Royal Gold has a one year low of $71.91 and a one year high of $98.53. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 4.49 and a beta of 0.43.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday. Barclays assumed coverage on shares of Royal Gold in a report on Wednesday, October 10th. They issued an “equal weight” rating and a $78.00 price target for the company. BidaskClub downgraded shares of Royal Gold from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Canaccord Genuity set a $102.00 price target on shares of Royal Gold and gave the company a “buy” rating in a report on Tuesday, July 24th. Finally, Desjardins reissued a “buy” rating and issued a $100.00 price target on shares of Royal Gold in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $97.86.
In related news, Director Jamie C. Sokalsky acquired 2,000 shares of the stock in a transaction dated Monday, September 17th. The shares were purchased at an average price of $77.18 per share, for a total transaction of $154,360.00. Following the transaction, the director now owns 10,185 shares in the company, valued at approximately $786,078.30. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sybil E. Veenman acquired 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, for a total transaction of $39,055.00. Following the transaction, the director now owns 2,515 shares in the company, valued at approximately $196,446.65. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 4,500 shares of company stock worth $347,915. Corporate insiders own 0.95% of the company’s stock.
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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