Royal Gold (RGLD) to Release Earnings on Wednesday

Royal Gold (NASDAQ:RGLD) (TSE:RGL) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The company had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. During the same quarter in the previous year, the business earned $0.91 EPS. Royal Gold’s revenue was down 6.3% compared to the same quarter last year. On average, analysts expect Royal Gold to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Royal Gold Stock Up 1.3 %

Shares of NASDAQ:RGLD opened at $123.91 on Tuesday. Royal Gold has a 1 year low of $100.55 and a 1 year high of $143.89. The company has a market cap of $8.14 billion, a PE ratio of 34.04, a P/E/G ratio of 6.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18. The stock’s 50-day moving average is $116.93 and its 200 day moving average is $115.54.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Royal Gold’s dividend payout ratio is presently 43.96%.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $113.00, for a total value of $56,500.00. Following the sale, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RGLD shares. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. Jefferies Financial Group assumed coverage on Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets cut their price objective on Royal Gold from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $141.43.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.