FY2027 Earnings Estimate for Royal Gold Issued By Scotiabank

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Analysts at Scotiabank issued their FY2027 earnings estimates for Royal Gold in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek expects that the basic materials company will earn $12.05 per share for the year. Scotiabank has a “Sector Perform” rating and a $310.00 price objective on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $10.08 per share.

A number of other equities research analysts have also weighed in on RGLD. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Royal Bank Of Canada cut their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. National Bank Financial lowered their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, Jefferies Financial Group lowered their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Royal Gold has an average rating of “Moderate Buy” and a consensus price target of $280.27.

Royal Gold Stock Down 1.1%

Shares of NASDAQ RGLD opened at $189.17 on Friday. The stock has a market capitalization of $16.05 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.34 and a beta of 0.44. The company has a 50-day moving average price of $212.07 and a 200-day moving average price of $243.68. Royal Gold has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Royal Gold’s payout ratio is presently 22.65%.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president owned 9,082 shares in the company, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Institutional Trading of Royal Gold

Several hedge funds have recently added to or reduced their stakes in the stock. Axiom Investment Management LLC bought a new position in shares of Royal Gold during the 1st quarter valued at approximately $25,000. Grove Bank & Trust lifted its stake in Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Elyxium Wealth LLC purchased a new position in Royal Gold in the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold during the fourth quarter valued at $27,000. Finally, Trust Co. of Toledo NA OH bought a new position in Royal Gold during the fourth quarter valued at $30,000. Institutional investors 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.