Royal Gold (NASDAQ:RGLD) Coverage Initiated at UBS Group

Equities researchers at UBS Group started coverage on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $325.00 price target on the basic materials company’s stock. UBS Group’s price objective points to a potential upside of 23.98% from the stock’s current price.

Several other research firms have also recently weighed in on RGLD. Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective on the stock. in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Royal Gold Trading Down 2.9%

Shares of RGLD stock opened at $262.13 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. Royal Gold has a 52-week low of $150.75 and a 52-week high of $306.25. The company has a market capitalization of $22.24 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. The business’s fifty day moving average is $266.63 and its 200 day moving average is $233.86.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The business had revenue of $310.83 million for the quarter, compared to analysts’ expectations of $425.47 million. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Royal Gold’s quarterly revenue was up 85.2% compared to the same quarter last year. On average, equities research analysts anticipate that Royal Gold will post 6.2 EPS for the current fiscal year.

Insider Transactions at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the transaction, the director owned 20,043 shares in the company, valued at $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president directly owned 20,140 shares in the company, valued at approximately $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 7,573 shares of company stock worth $2,127,091. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RGLD. SG Americas Securities LLC lifted its holdings in shares of Royal Gold by 32.4% during the first quarter. SG Americas Securities LLC now owns 23,403 shares of the basic materials company’s stock valued at $5,956,000 after purchasing an additional 5,732 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Royal Gold in the 1st quarter worth approximately $7,170,000. Nations Financial Group Inc. IA ADV increased its position in Royal Gold by 2.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 17,230 shares of the basic materials company’s stock valued at $4,385,000 after buying an additional 384 shares in the last quarter. McAlvany Wealth Management LLC purchased a new position in Royal Gold during the fourth quarter valued at $10,090,000. Finally, Purpose Unlimited Inc. bought a new stake in Royal Gold in the fourth quarter worth $33,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.