Royal Gold (RGLD) Earns Outperform Rating from Raymond James

Raymond James reissued their outperform rating on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a report issued on Friday. Raymond James currently has a $95.00 target price on the basic materials company’s stock.

A number of other analysts have also issued reports on RGLD. BidaskClub upgraded shares of Royal Gold from a hold rating to a buy rating in a research note on Thursday, February 7th. Zacks Investment Research lowered shares of Royal Gold from a hold rating to a sell rating in a research note on Tuesday, December 18th. ValuEngine upgraded shares of Royal Gold from a hold rating to a buy rating in a research note on Friday, December 7th. Finally, Barclays dropped their price objective on shares of Royal Gold from $78.00 to $77.00 and set an equal weight rating on the stock in a research note on Wednesday, November 14th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Royal Gold presently has a consensus rating of Buy and an average price target of $94.39.

NASDAQ RGLD opened at $86.38 on Friday. Royal Gold has a one year low of $70.16 and a one year high of $98.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.27 and a current ratio of 5.48. The company has a market capitalization of $5.65 billion, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 5.52 and a beta of 0.26.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. The firm had revenue of $97.60 million for the quarter, compared to analyst estimates of $100.80 million. During the same quarter last year, the firm posted $0.41 earnings per share. Royal Gold’s revenue for the quarter was down 14.6% compared to the same quarter last year. Equities research analysts predict that Royal Gold will post 1.57 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Martingale Asset Management L P grew its position in shares of Royal Gold by 173.6% during the fourth quarter. Martingale Asset Management L P now owns 191,815 shares of the basic materials company’s stock worth $16,431,000 after buying an additional 121,701 shares in the last quarter. State of Tennessee Treasury Department grew its position in shares of Royal Gold by 2.0% during the fourth quarter. State of Tennessee Treasury Department now owns 74,741 shares of the basic materials company’s stock worth $6,402,000 after buying an additional 1,486 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Royal Gold by 15.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,009 shares of the basic materials company’s stock worth $600,000 after buying an additional 959 shares in the last quarter. NEXT Financial Group Inc grew its position in shares of Royal Gold by 1,498.5% during the fourth quarter. NEXT Financial Group Inc now owns 3,117 shares of the basic materials company’s stock worth $267,000 after buying an additional 2,922 shares in the last quarter. Finally, Texas Permanent School Fund grew its position in shares of Royal Gold by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 42,868 shares of the basic materials company’s stock worth $3,672,000 after buying an additional 1,652 shares in the last quarter. 78.40% of the stock is owned by institutional investors and hedge funds.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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