Royal Gold, Inc Expected to Post Q3 2020 Earnings of $0.71 Per Share (NASDAQ:RGLD)

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – B. Riley issued their Q3 2020 earnings estimates for Royal Gold in a report issued on Friday, August 9th. B. Riley analyst A. Graf forecasts that the basic materials company will post earnings of $0.71 per share for the quarter. B. Riley currently has a “Buy” rating and a $125.00 target price on the stock. B. Riley also issued estimates for Royal Gold’s Q4 2020 earnings at $0.71 EPS.

Other research analysts also recently issued research reports about the company. TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a research note on Friday, June 7th. ValuEngine upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. TD Securities boosted their target price on shares of Royal Gold from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. National Bank Financial boosted their target price on shares of Royal Gold from $112.50 to $117.50 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Finally, Bank of America downgraded shares of Royal Gold to an “underperform” rating in a research note on Friday, June 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $110.94.



RGLD stock opened at $124.60 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.60 and a quick ratio of 4.26. The company has a market cap of $8.38 billion, a P/E ratio of 85.93, a price-to-earnings-growth ratio of 5.69 and a beta of 0.21. Royal Gold has a fifty-two week low of $70.16 and a fifty-two week high of $131.28. The business’s fifty day moving average price is $113.53.

A number of hedge funds and other institutional investors have recently bought and sold shares of RGLD. CENTRAL TRUST Co increased its holdings in Royal Gold by 375.0% in the second quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock valued at $51,000 after buying an additional 375 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in Royal Gold in the second quarter valued at about $64,000. Quadrant Capital Group LLC increased its holdings in Royal Gold by 762.8% in the first quarter. Quadrant Capital Group LLC now owns 811 shares of the basic materials company’s stock valued at $71,000 after buying an additional 717 shares in the last quarter. Versant Capital Management Inc increased its holdings in Royal Gold by 18.6% in the first quarter. Versant Capital Management Inc now owns 848 shares of the basic materials company’s stock valued at $77,000 after buying an additional 133 shares in the last quarter. Finally, Sandy Spring Bank increased its holdings in Royal Gold by 375.7% in the second quarter. Sandy Spring Bank now owns 1,037 shares of the basic materials company’s stock valued at $106,000 after buying an additional 819 shares in the last quarter. 78.90% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Ronald J. Vance sold 1,930 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $94.77, for a total transaction of $182,906.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony A. Jensen sold 38,821 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $92.42, for a total transaction of $3,587,836.82. The disclosure for this sale can be found here. Insiders have sold 87,423 shares of company stock valued at $8,138,746 in the last quarter. Insiders own 0.95% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.06 annualized dividend and a dividend yield of 0.85%. Royal Gold’s dividend payout ratio (DPR) is 73.10%.

Royal Gold Company Profile

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.

Read More: Fundamental Analysis and Individual Investors

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

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