Royal Gold (NASDAQ:RGLD) Stock Price Expected to Rise, Raymond James Analyst Says

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its target price increased by Raymond James from $184.00 to $186.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the basic materials company’s stock. Raymond James also issued estimates for Royal Gold’s Q4 2024 earnings at $1.42 EPS, FY2024 earnings at $5.05 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.46 EPS and FY2025 earnings at $5.80 EPS.

A number of other research firms have also recently weighed in on RGLD. Jefferies Financial Group lifted their price objective on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Scotiabank upped their price target 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. Finally, TD Securities raised their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $165.43.

Royal Gold Trading Up 0.1 %

Shares of RGLD stock opened at $139.80 on Monday. Royal Gold has a 12 month low of $100.55 and a 12 month high of $155.10. The stock has a market cap of $9.19 billion, a P/E ratio of 32.06, a P/E/G ratio of 1.12 and a beta of 0.90. The company has a 50 day simple moving average of $143.91 and a two-hundred day simple moving average of $135.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. Royal Gold’s revenue was up 39.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. As a group, equities analysts forecast that Royal Gold will post 5.13 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, October 4th. Royal Gold’s payout ratio is 36.70%.

Insiders Place Their Bets

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of Royal Gold stock in a transaction on Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the transaction, the director now directly owns 9,268 shares of the company’s stock, valued at $1,362,859.40. The trade was a 17.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Libner sold 1,500 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the transaction, the chief financial officer now owns 18,657 shares in the company, valued at $2,659,182.21. This trade represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,339 shares of company stock valued at $1,329,902 in the last three months. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Royal Gold

A number of large investors have recently made changes to their positions in RGLD. Price T Rowe Associates Inc. MD lifted its stake in Royal Gold by 224.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock worth $74,276,000 after purchasing an additional 422,026 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Royal Gold by 34.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after acquiring an additional 212,316 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after acquiring an additional 156,048 shares during the period. AQR Capital Management LLC boosted its holdings in Royal Gold by 38.4% during the 2nd quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock valued at $60,514,000 after acquiring an additional 134,120 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in Royal Gold in the 2nd quarter valued at $15,559,000. 83.65% 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. 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.