Analysts Set Royal Gold, Inc. (NASDAQ:RGLD) Price Target at $273.64

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $273.6364.

Several brokerages have commented on RGLD. UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. National Bank Financial cut their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st.

Royal Gold Stock Down 2.5%

Shares of Royal Gold stock opened at $246.06 on Friday. Royal Gold has a 12-month low of $150.75 and a 12-month high of $306.25. The firm has a market capitalization of $20.88 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 1.50 and a beta of 0.55. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $263.20 and its 200-day moving average is $237.07.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The company had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The company’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 EPS. Equities analysts anticipate that Royal Gold will post 12.27 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s dividend payout ratio is currently 27.90%.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 1,400 shares of the 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 completion of the sale, the senior vice president directly owned 20,140 shares of the company’s stock, valued at $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Isto sold 2,000 shares of the firm’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 sale, the director owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This represents a 9.07% 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. 0.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in Royal Gold by 52.8% in the fourth quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after acquiring an additional 6,109 shares in the last quarter. Louisbourg Investments Inc. bought a new position in shares of Royal Gold during the 4th quarter valued at $3,938,000. Prospera Financial Services Inc bought a new position in shares of Royal Gold during the 3rd quarter valued at $1,068,000. Financiere des Professionnels Fonds d investissement inc. lifted its stake in shares of Royal Gold by 275.8% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock valued at $1,335,000 after purchasing an additional 4,885 shares during the last quarter. Finally, Ruffer LLP acquired a new stake in shares of Royal Gold in the 3rd quarter valued at $16,636,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

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.