Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) – Equities research analysts at Raymond James issued their FY2022 earnings per share estimates for Royal Gold in a research note issued on Thursday, May 5th. Raymond James analyst B. Macarthur anticipates that the basic materials company will post earnings per share of $3.73 for the year. Raymond James has a “Outperform” rating and a $158.00 price objective on the stock.
A number of other brokerages have also commented on RGLD. JPMorgan Chase & Co. reduced their price target on shares of Royal Gold from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, February 22nd. Canaccord Genuity Group lowered shares of Royal Gold from a “buy” rating to a “hold” rating and boosted their target price for the company from $135.00 to $145.00 in a research note on Tuesday, April 5th. StockNews.com started coverage on Royal Gold in a report on Thursday, March 31st. They set a “hold” rating on the stock. Barclays lifted their price objective on Royal Gold from $122.00 to $128.00 in a report on Thursday, April 21st. Finally, National Bank Financial increased their target price on Royal Gold from C$140.00 to C$165.00 in a report on Wednesday, April 20th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $139.77.
Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. Royal Gold had a return on equity of 10.61% and a net margin of 42.43%. The firm had revenue of $162.40 million during the quarter, compared to analysts’ expectations of $156.00 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Friday, April 1st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, March 31st. Royal Gold’s dividend payout ratio is 32.18%.
In other news, CFO Paul Libner sold 1,200 shares of the firm’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $125.00, for a total transaction of $150,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Ensign Peak Advisors Inc boosted its position in shares of Royal Gold by 1.3% during the third quarter. Ensign Peak Advisors Inc now owns 64,521 shares of the basic materials company’s stock worth $6,161,000 after acquiring an additional 816 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Royal Gold by 49.8% during the 4th quarter. Qube Research & Technologies Ltd now owns 69,844 shares of the basic materials company’s stock valued at $7,348,000 after purchasing an additional 23,212 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Royal Gold during the fourth quarter valued at about $226,000. Bank of Nova Scotia grew its position in shares of Royal Gold by 13.7% during the third quarter. Bank of Nova Scotia now owns 4,760 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 572 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Royal Gold by 376.5% in the third quarter. Cubist Systematic Strategies LLC now owns 59,817 shares of the basic materials company’s stock worth $5,712,000 after purchasing an additional 47,263 shares during the last quarter. Hedge funds and other institutional investors own 80.33% of the company’s stock.
About Royal Gold (Get Rating)
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, and cobalt.
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