Royal Gold (NASDAQ:RGLD) Issues Earnings Results

Royal Gold (NASDAQ:RGLD) (TSE:RGL) announced its quarterly earnings data on Wednesday. The basic materials company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17, Zacks reports. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%.

Royal Gold Stock Up 1.6 %

Shares of RGLD traded up $2.32 during midday trading on Wednesday, reaching $147.19. 473,434 shares of the stock were exchanged, compared to its average volume of 406,737. The stock’s 50 day simple moving average is $139.38 and its 200 day simple moving average is $140.96. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.10. The company has a market cap of $9.68 billion, a P/E ratio of 33.76, a PEG ratio of 0.87 and a beta of 0.90.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.45 per share. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 1.22%. Royal Gold’s dividend payout ratio (DPR) is presently 41.28%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RGLD shares. TD Securities boosted their price target on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Raymond James lifted their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Royal Gold currently has an average rating of “Hold” and an average price target of $168.86.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

Royal Gold Company Profile

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.