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

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $251.50.

A number of research analysts have recently commented on the stock. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday. Raymond James Financial set a $264.00 price objective on shares of Royal Gold in a research report on Thursday, November 6th. BMO Capital Markets set a $240.00 target price on Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd.

Royal Gold Price Performance

RGLD stock opened at $265.77 on Monday. The firm has a market cap of $22.43 billion, a P/E ratio of 36.51, a price-to-earnings-growth ratio of 0.73 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89. Royal Gold has a 1 year low of $142.95 and a 1 year high of $306.25. The stock has a 50-day simple moving average of $241.62 and a 200-day simple moving average of $203.21.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, January 2nd. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio is 26.10%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new stake in shares of Royal Gold in the 4th quarter worth about $27,000. Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold in the third quarter worth about $29,000. Trust Co. of Toledo NA OH bought a new stake in Royal Gold in the fourth quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new stake in Royal Gold during the fourth quarter valued at approximately $30,000. Finally, Cullen Frost Bankers Inc. raised its stake in Royal Gold by 548.1% during the second quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after buying an additional 148 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

About Royal Gold

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.