FY2024 EPS Estimates for Royal Gold Increased by Analyst

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Equities researchers at National Bank Financial upped their FY2024 earnings per share estimates for shares of Royal Gold in a research note issued to investors on Thursday, November 7th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $5.49 per share for the year, up from their previous estimate of $5.10. The consensus estimate for Royal Gold’s current full-year earnings is $5.07 per share. National Bank Financial also issued estimates for Royal Gold’s FY2025 earnings at $6.18 EPS.

RGLD has been the topic of several other research reports. Scotiabank boosted their price target on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their price target on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. TD Securities boosted their price target on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, Raymond James boosted their target price on Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and a consensus target price of $163.14.

Royal Gold Stock Up 1.8 %

NASDAQ:RGLD opened at $149.93 on Monday. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.10. The stock’s 50 day moving average price is $143.61 and its two-hundred day moving average price is $135.08.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS.

Institutional Trading of Royal Gold

Institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its position in shares of Royal Gold by 1,800.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock valued at $2,306,000 after acquiring an additional 18,344 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Royal Gold by 151.2% during the 1st quarter. BNP Paribas Financial Markets now owns 24,941 shares of the basic materials company’s stock worth $3,037,000 after buying an additional 15,012 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Royal Gold by 36.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock worth $6,746,000 after buying an additional 14,675 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Royal Gold by 165.0% during the 1st quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock worth $1,294,000 after buying an additional 6,616 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Royal Gold by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock worth $811,861,000 after buying an additional 21,407 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the transaction, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at $2,659,182.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the sale, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the sale, the senior vice president now owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,355 shares of company stock valued at $1,038,155 in the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, October 4th. Royal Gold’s dividend payout ratio is 36.70%.

Royal Gold Company Profile

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.