Royal Gold (RGLD) Set to Announce Quarterly Earnings on Wednesday

Royal Gold (NASDAQ:RGLD) (TSE:RGL) is set to release its earnings data on Wednesday, April 17th.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm had revenue of $152.70 million during the quarter, compared to analysts’ expectations of $140.32 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. On average, analysts expect Royal Gold to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Royal Gold Stock Up 0.8 %

Royal Gold stock opened at $121.01 on Tuesday. The stock has a market cap of $7.95 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 6.14 and a beta of 0.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. Royal Gold has a one year low of $100.55 and a one year high of $147.82. The stock has a fifty day moving average of $112.95 and a 200 day moving average of $113.92.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 43.96%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $148.00 to $158.00 in a research report on Wednesday, March 27th. Finally, Jefferies Financial Group started coverage on Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $145.67.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Royal Gold

Several hedge funds and other institutional investors have recently bought and sold shares of RGLD. Norges Bank bought a new stake in Royal Gold during the 4th quarter valued at $239,552,000. State Street Corp boosted its position in Royal Gold by 66.2% during the 1st quarter. State Street Corp now owns 4,153,139 shares of the basic materials company’s stock valued at $588,192,000 after acquiring an additional 1,654,360 shares in the last quarter. Clearbridge Investments LLC bought a new stake in Royal Gold during the 1st quarter valued at $56,762,000. Price T Rowe Associates Inc. MD boosted its position in Royal Gold by 65.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 612,166 shares of the basic materials company’s stock valued at $79,406,000 after acquiring an additional 242,641 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Royal Gold during the 1st quarter valued at $29,022,000. Institutional investors own 83.65% of the company’s stock.

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.