Raymond James Research Analysts Reduce Earnings Estimates for Royal Gold, Inc. (NASDAQ:RGLD)

Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) – Analysts at Raymond James decreased their Q3 2022 EPS estimates for Royal Gold in a research note issued on Wednesday, April 13th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.96 for the quarter, down from their prior estimate of $1.08. Raymond James has a “Outperform” rating and a $145.00 price objective on the stock. Raymond James also issued estimates for Royal Gold’s Q4 2022 earnings at $0.94 EPS, Q2 2023 earnings at $0.99 EPS, Q3 2023 earnings at $0.97 EPS, Q4 2023 earnings at $0.94 EPS and FY2023 earnings at $3.93 EPS.

RGLD has been the topic of several other reports. Canaccord Genuity Group lowered Royal Gold from a “buy” rating to a “hold” rating and upped their price objective for the company from $135.00 to $145.00 in a research note on Tuesday, April 5th. JPMorgan Chase & Co. lowered their price objective on Royal Gold from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 22nd. StockNews.com started coverage on Royal Gold in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Canaccord Genuity Group lowered Royal Gold from a “buy” rating to a “hold” rating and increased their price target for the stock from $135.00 to $145.00 in a research report on Tuesday, April 5th. Finally, National Bank Financial decreased their price target on Royal Gold from C$155.00 to C$140.00 in a research report on Friday, January 7th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $137.38.

RGLD stock opened at $144.93 on Thursday. Royal Gold has a 1-year low of $92.01 and a 1-year high of $147.70. The firm has a market cap of $9.51 billion, a P/E ratio of 34.60, a P/E/G ratio of 3.55 and a beta of 0.63. The business’s 50 day moving average is $129.23 and its 200-day moving average is $110.76. 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:RGLDGet Rating) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 16th. The basic materials company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. Royal Gold had a return on equity of 10.42% and a net margin of 41.93%. The firm had revenue of $168.52 million for the quarter, compared to analyst estimates of $160.82 million. During the same period in the previous year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of RGLD. Eagle Bay Advisors LLC lifted its stake in shares of Royal Gold by 69.7% in the 3rd quarter. Eagle Bay Advisors LLC now owns 302 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 124 shares during the period. Sageworth Trust Co of South Dakota bought a new stake in shares of Royal Gold in the 4th quarter valued at $30,000. Covestor Ltd bought a new stake in shares of Royal Gold in the 4th quarter valued at $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Royal Gold in the 4th quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Royal Gold in the 3rd quarter valued at $48,000. 79.30% of the stock is currently owned by institutional investors.

In other Royal Gold news, CFO Paul Libner sold 1,200 shares of the company’s stock in a transaction on 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 filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Friday, April 1st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 31st. Royal Gold’s dividend payout ratio is 33.57%.

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

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