Royal Gold (NASDAQ:RGLD) Stock Price Expected to Rise, Raymond James Analyst Says

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price objective hoisted by equities research analysts at Raymond James from $181.00 to $200.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Raymond James’ target price would indicate a potential upside of 28.53% from the company’s current price.

RGLD has been the topic of a number of other research reports. Royal Bank of Canada decreased their target price on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and raised their price objective for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $170.75.

Royal Gold Trading Down 7.0 %

NASDAQ:RGLD opened at $155.60 on Friday. The company has a market capitalization of $10.23 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. The firm has a 50-day moving average price of $151.05 and a two-hundred day moving average price of $145.53. Royal Gold has a twelve month low of $118.00 and a twelve month high of $169.00.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, equities research analysts predict that Royal Gold will post 6.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RGLD. Select Equity Group L.P. bought a new position in shares of Royal Gold in the fourth quarter valued at approximately $55,825,000. Norges Bank bought a new stake in shares of Royal Gold in the 4th quarter worth $44,009,000. BLI Banque de Luxembourg Investments acquired a new stake in shares of Royal Gold in the fourth quarter valued at $27,536,000. Arrowstreet Capital Limited Partnership lifted its holdings in Royal Gold by 181.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company’s stock valued at $39,846,000 after acquiring an additional 194,905 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Royal Gold by 19.6% during the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock valued at $135,730,000 after purchasing an additional 168,569 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

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.