Royal Gold, Inc. (NASDAQ:RGLD) Receives Average Rating of “Moderate Buy” from Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $198.6250.

Several analysts have weighed in on RGLD shares. TD Securities reissued a “buy” rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the stock a “market perform” rating in a report on Thursday, May 22nd. Canaccord Genuity Group boosted their price objective on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Wall Street Zen raised Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th.

Royal Gold Stock Up 1.6%

Shares of NASDAQ RGLD opened at $189.19 on Friday. The firm’s 50-day simple moving average is $167.74 and its 200 day simple moving average is $169.76. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.36 and a beta of 0.43. Royal Gold has a 12-month low of $130.67 and a 12-month high of $191.78.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.11. The business had revenue of $209.64 million for the quarter, compared to the consensus estimate of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. On average, equities analysts expect that Royal Gold will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 3rd. Royal Gold’s payout ratio is currently 26.39%.

Institutional Trading of Royal Gold

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its stake in shares of Royal Gold by 7.8% in the 2nd quarter. Osaic Holdings Inc. now owns 37,295 shares of the basic materials company’s stock valued at $6,633,000 after acquiring an additional 2,690 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of Royal Gold by 78.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,253 shares of the basic materials company’s stock valued at $934,000 after acquiring an additional 2,303 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Royal Gold by 1,124.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 109,863 shares of the basic materials company’s stock valued at $19,512,000 after acquiring an additional 100,887 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Royal Gold by 17.5% in the 2nd quarter. Advisory Services Network LLC now owns 7,910 shares of the basic materials company’s stock valued at $1,407,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Royal Gold in the 2nd quarter valued at about $45,184,000. 83.65% of the stock is owned by institutional investors.

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.