Royal Gold, Inc. (NASDAQ:RGLD) Given Average Recommendation of “Moderate Buy” by Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $251.50.

Several analysts recently commented on the stock. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research report on Monday, January 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $270.00 target price on shares of Royal Gold in a research note on Sunday, December 7th.

Royal Gold Trading Up 0.5%

Shares of Royal Gold stock opened at $238.76 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The business has a fifty day simple moving average of $270.41 and a two-hundred day simple moving average of $227.80. Royal Gold has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 1.40 and a beta of 0.47.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data 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). The company had revenue of $360.85 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%. Royal Gold’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Research analysts forecast that Royal Gold will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s dividend payout ratio is currently 27.90%.

Insiders Place Their Bets

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the stock in a transaction 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 transaction, the director owned 20,043 shares in the company, valued at $5,508,417.69. This trade represents a 9.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction on Monday, March 2nd. The stock was 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 of the company’s stock, valued at $6,059,521.80. This represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,573 shares of company stock worth $2,127,091 in the last 90 days. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Royal Gold

Institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc acquired a new stake in Royal Gold during the fourth quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Royal Gold during the third quarter worth approximately $29,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold during the 4th quarter worth $30,000. Finally, V Square Quantitative Management LLC bought a new position in Royal Gold during the 4th quarter worth $30,000. Institutional investors own 83.65% of the company’s stock.

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.