Brokerages Set Royal Gold, Inc (NASDAQ:RGLD) Target Price at $127.25

Shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) have received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $127.25.

RGLD has been the topic of a number of analyst reports. BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. TheStreet raised Royal Gold from a “c+” rating to a “b” rating in a research report on Wednesday, May 6th. Barclays raised Royal Gold from an “underweight” rating to an “equal weight” rating and set a $105.00 price objective on the stock in a research report on Thursday, April 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Royal Gold in a research report on Thursday, May 7th. Finally, Raymond James upped their price objective on Royal Gold from $131.00 to $136.00 and gave the company an “outperform” rating in a research report on Friday, May 8th.

Royal Gold stock traded up $1.85 during trading hours on Friday, hitting $122.18. 10,599 shares of the stock traded hands, compared to its average volume of 563,796. The firm’s 50-day moving average price is $126.62 and its two-hundred day moving average price is $112.62. The company has a current ratio of 3.02, a quick ratio of 2.78 and a debt-to-equity ratio of 0.04. The company has a market cap of $7.71 billion, a PE ratio of 44.73, a PEG ratio of 4.88 and a beta of 0.82. Royal Gold has a one year low of $59.78 and a one year high of $139.63.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Royal Gold had a return on equity of 6.93% and a net margin of 35.75%. The business had revenue of $136.40 million for the quarter, compared to analysts’ expectations of $133.59 million. During the same period in the previous year, the firm posted $0.44 EPS. The business’s revenue was up 24.2% on a year-over-year basis. On average, sell-side analysts expect that Royal Gold will post 2.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 1st. Royal Gold’s dividend payout ratio (DPR) is presently 77.24%.

Large investors have recently made changes to their positions in the stock. Wealth Quarterback LLC purchased a new stake in Royal Gold in the 4th quarter worth about $25,000. NEXT Financial Group Inc increased its holdings in Royal Gold by 44.8% during the first quarter. NEXT Financial Group Inc now owns 304 shares of the basic materials company’s stock valued at $27,000 after buying an additional 94 shares during the period. Exane Derivatives increased its holdings in Royal Gold by 194.4% during the first quarter. Exane Derivatives now owns 795 shares of the basic materials company’s stock valued at $70,000 after buying an additional 525 shares during the period. Rockefeller Capital Management L.P. purchased a new position in Royal Gold during the first quarter valued at approximately $88,000. Finally, Fifth Third Bancorp increased its holdings in Royal Gold by 13.2% during the first quarter. Fifth Third Bancorp now owns 1,037 shares of the basic materials company’s stock valued at $91,000 after buying an additional 121 shares during the period. 78.60% of the stock is owned by hedge funds and other institutional investors.

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.

Recommended Story: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.