Royal Gold, Inc. (NASDAQ:RGLD) Receives $136.84 Average PT from Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $136.84.

A number of research firms have recently weighed in on RGLD. National Bank Financial cut their target price on Royal Gold from C$155.00 to C$140.00 in a research report on Friday, January 7th. TD Securities upped their price objective on shares of Royal Gold from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, February 18th. Canaccord Genuity Group lowered shares of Royal Gold from a “buy” rating to a “hold” rating and raised their target price for the company from $135.00 to $145.00 in a report on Tuesday, April 5th. Raymond James set a $139.00 target price on Royal Gold and gave the company an “outperform” rating in a report on Friday, February 18th. Finally, JPMorgan Chase & Co. reduced their target price on Royal Gold from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday, February 22nd.

In other news, CFO Paul Libner sold 1,200 shares of the business’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $125.00, for a total transaction of $150,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Veriti Management LLC increased its position in shares of Royal Gold by 5.3% during the first quarter. Veriti Management LLC now owns 3,901 shares of the basic materials company’s stock worth $551,000 after buying an additional 195 shares during the period. First Hawaiian Bank increased its position in shares of Royal Gold by 5.6% during the first quarter. First Hawaiian Bank now owns 3,670 shares of the basic materials company’s stock worth $518,000 after buying an additional 195 shares during the period. Cedar Brook Financial Partners LLC acquired a new stake in shares of Royal Gold during the first quarter worth $237,000. Confluence Investment Management LLC boosted its position in shares of Royal Gold by 8.0% during the 1st quarter. Confluence Investment Management LLC now owns 3,106 shares of the basic materials company’s stock valued at $439,000 after purchasing an additional 229 shares in the last quarter. Finally, Muhlenkamp & Co. Inc. boosted its position in shares of Royal Gold by 1.2% during the 1st quarter. Muhlenkamp & Co. Inc. now owns 41,824 shares of the basic materials company’s stock valued at $5,909,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 79.30% of the company’s stock.

NASDAQ RGLD traded up $1.14 during trading on Friday, reaching $144.76. The company’s stock had a trading volume of 14,830 shares, compared to its average volume of 595,713. The firm has a 50 day moving average price of $128.37 and a 200 day moving average price of $110.52. Royal Gold has a 12 month low of $92.01 and a 12 month high of $147.70. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 3.63 and a beta of 0.63. The company has a current ratio of 3.52, a quick ratio of 3.33 and a debt-to-equity ratio of 0.04.

Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 16th. The basic materials company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $168.52 million during the quarter, compared to the consensus estimate of $160.82 million. Royal Gold had a net margin of 41.93% and a return on equity of 10.42%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. On average, equities analysts forecast that Royal Gold will post 4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 14th. Stockholders of record on Friday, April 1st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, March 31st. Royal Gold’s dividend payout ratio (DPR) is currently 33.57%.

Royal Gold Company Profile (Get Rating)

Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction.

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