Royal Gold, Inc. (NASDAQ:RGLD) Receives $157.00 Consensus PT from Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $157.00.

Several equities analysts have weighed in on the company. CIBC boosted their price target on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Scotiabank increased their target price on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Jefferies Financial Group upped their target price on Royal Gold from $130.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a report on Wednesday, July 10th. Finally, Bank of America lifted their price objective on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a report on Wednesday, June 26th.

Royal Gold Stock Up 1.1 %

Shares of Royal Gold stock opened at $141.85 on Friday. The firm’s 50 day moving average is $137.75 and its two-hundred day moving average is $129.49. Royal Gold has a 52 week low of $100.55 and a 52 week high of $147.65. The firm has a market capitalization of $9.33 billion, a P/E ratio of 41.84, a P/E/G ratio of 1.11 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The business had revenue of $174.10 million during the quarter, compared to analysts’ expectations of $172.12 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, research analysts expect that Royal Gold will post 4.83 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, October 4th. Royal Gold’s dividend payout ratio (DPR) is currently 47.20%.

Insider Activity at Royal Gold

In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total transaction of $132,160.00. Following the completion of the transaction, the director now directly owns 9,109 shares of the company’s stock, valued at $1,203,845.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Royal Gold news, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the sale, the senior vice president now owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald J. Vance sold 1,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $132.16, for a total transaction of $132,160.00. Following the completion of the sale, the director now owns 9,109 shares in the company, valued at $1,203,845.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,355 shares of company stock worth $1,170,315. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RGLD. Norges Bank acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $33,696,000. UBS Group AG raised its position in Royal Gold by 25.0% in the fourth quarter. UBS Group AG now owns 79,003 shares of the basic materials company’s stock valued at $9,556,000 after purchasing an additional 15,810 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Royal Gold by 79.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,059 shares of the basic materials company’s stock worth $2,668,000 after purchasing an additional 9,783 shares during the last quarter. Commerce Bank lifted its position in shares of Royal Gold by 4.3% in the 4th quarter. Commerce Bank now owns 2,356 shares of the basic materials company’s stock worth $285,000 after purchasing an additional 98 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Royal Gold by 299.7% in the fourth quarter. Hsbc Holdings PLC now owns 25,892 shares of the basic materials company’s stock valued at $3,126,000 after buying an additional 19,414 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.