Royal Gold (NASDAQ:RGLD) Stock Rating Lowered by Wall Street Zen

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also commented on RGLD. BMO Capital Markets set a $240.00 price objective on shares of Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. CIBC boosted their price target on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Raymond James Financial set a $257.00 price target on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Bank of America lifted their price objective on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, October 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Royal Gold in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and a consensus target price of $220.44.

Royal Gold Trading Down 1.7%

RGLD opened at $174.79 on Friday. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.41. The stock has a fifty day simple moving average of $189.13 and a two-hundred day simple moving average of $178.46. Royal Gold has a 12-month low of $130.67 and a 12-month high of $209.42.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. WPG Advisers LLC bought a new stake in Royal Gold in the 1st quarter worth about $27,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Royal Gold in the first quarter worth approximately $34,000. Blue Trust Inc. grew its stake in shares of Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 71 shares during the period. Finally, Caldwell Trust Co purchased a new position in shares of Royal Gold during the second quarter valued at approximately $36,000. 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.