Royal Gold (RGLD) Stock Rating Upgraded by BidaskClub

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other research firms have also recently weighed in on RGLD. Scotiabank set a $88.00 target price on shares of Royal Gold and gave the company a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Raymond James decreased their target price on shares of Royal Gold from $99.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, September 17th. ValuEngine raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, TD Securities cut shares of Royal Gold from a “buy” rating to a “hold” rating and decreased their target price for the company from $97.00 to $88.00 in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $95.86.

Shares of RGLD opened at $76.30 on Friday. Royal Gold has a twelve month low of $70.16 and a twelve month high of $98.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.27 and a quick ratio of 4.00. The company has a market cap of $4.95 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 5.13 and a beta of 0.46.



Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, October 31st. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.14). Royal Gold had a negative net margin of 28.39% and a positive return on equity of 4.66%. The firm had revenue of $100.00 million during the quarter, compared to the consensus estimate of $98.88 million. During the same period in the prior year, the business posted $0.44 earnings per share. Royal Gold’s quarterly revenue was down 11.1% compared to the same quarter last year. As a group, sell-side analysts expect that Royal Gold will post 1.47 EPS for the current fiscal year.

In related news, Director Sybil E. Veenman acquired 500 shares of Royal Gold stock in a transaction on Wednesday, September 26th. The stock was purchased at an average cost 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jamie C. Sokalsky acquired 2,000 shares of Royal Gold stock in a transaction on Monday, September 17th. The shares were bought at an average cost of $77.18 per share, with a total value of $154,360.00. Following the completion of 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. Insiders own 0.95% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Capital World Investors boosted its position in Royal Gold by 1.5% during the third quarter. Capital World Investors now owns 8,138,500 shares of the basic materials company’s stock worth $627,153,000 after purchasing an additional 121,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Royal Gold by 1.8% during the third quarter. Vanguard Group Inc. now owns 6,410,978 shares of the basic materials company’s stock worth $494,029,000 after buying an additional 113,273 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Royal Gold by 11.6% during the second quarter. Van ECK Associates Corp now owns 3,830,976 shares of the basic materials company’s stock worth $355,668,000 after buying an additional 399,288 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Royal Gold by 3.0% during the second quarter. Northern Trust Corp now owns 742,461 shares of the basic materials company’s stock worth $68,931,000 after buying an additional 21,451 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Royal Gold by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 739,381 shares of the basic materials company’s stock worth $56,973,000 after buying an additional 5,603 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

About Royal Gold

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, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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