Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) – Analysts at National Bank Financial reduced their FY2023 earnings per share (EPS) estimates for Royal Gold in a research report issued to clients and investors on Thursday, November 2nd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $3.25 per share for the year, down from their previous forecast of $3.38. The consensus estimate for Royal Gold’s current full-year earnings is $3.48 per share. National Bank Financial also issued estimates for Royal Gold’s FY2026 earnings at $3.68 EPS.
Several other equities analysts have also issued reports on RGLD. TD Securities cut their target price on Royal Gold from $175.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets raised their price target on Royal Gold from $137.00 to $139.00 and gave the stock a “market perform” rating in a report on Wednesday, October 11th. StockNews.com started coverage on Royal Gold in a report on Thursday, October 5th. They issued a “hold” rating for the company. Cantor Fitzgerald raised Royal Gold from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Thursday, August 3rd. Finally, Raymond James lowered their price target on Royal Gold from $161.00 to $157.00 and set an “outperform” rating for the company in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.89.
Royal Gold Price Performance
RGLD opened at $110.84 on Monday. The business’s 50-day moving average is $108.82 and its two-hundred day moving average is $117.06. Royal Gold has a 1 year low of $90.40 and a 1 year high of $147.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.31 and a quick ratio of 2.45. The firm has a market capitalization of $7.28 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 6.27 and a beta of 0.69.
Royal Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is 42.25%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Capital World Investors lifted its holdings in Royal Gold by 1.8% in the second quarter. Capital World Investors now owns 6,499,152 shares of the basic materials company’s stock valued at $745,973,000 after acquiring an additional 114,212 shares during the period. Van ECK Associates Corp increased its position in shares of Royal Gold by 16.5% during the first quarter. Van ECK Associates Corp now owns 4,651,775 shares of the basic materials company’s stock worth $603,382,000 after purchasing an additional 659,652 shares in the last quarter. State Street Corp increased its position in shares of Royal Gold by 66.2% during the first quarter. State Street Corp now owns 4,153,139 shares of the basic materials company’s stock worth $588,192,000 after purchasing an additional 1,654,360 shares in the last quarter. Norges Bank purchased a new stake in shares of Royal Gold during the fourth quarter worth approximately $239,552,000. Finally, Findlay Park Partners LLP increased its position in shares of Royal Gold by 17.2% during the first quarter. Findlay Park Partners LLP now owns 1,396,022 shares of the basic materials company’s stock worth $181,078,000 after purchasing an additional 205,055 shares in the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.
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.
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