BMO Capital Markets Upgrades Royal Gold (NASDAQ:RGLD) to Hold

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by BMO Capital Markets to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Raymond James upped their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Scotiabank raised Royal Gold from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $166.00 to $189.00 in a research report on Monday. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and upped their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, Royal Bank of Canada lowered their target price on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.00.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $186.45 on Tuesday. The stock has a market capitalization of $12.27 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. Royal Gold has a 52 week low of $118.00 and a 52 week high of $191.22. The stock has a 50 day moving average price of $156.81 and a two-hundred day moving average price of $147.34.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Research analysts forecast that Royal Gold will post 6.2 EPS for the current year.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RGLD. Exchange Traded Concepts LLC bought a new position in shares of Royal Gold in the fourth quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Royal Gold during the 4th quarter valued at $42,000. Jones Financial Companies Lllp grew its position in shares of Royal Gold by 390.7% during the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 293 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Royal Gold by 66.7% in the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 158 shares during the period. Finally, Human Investing LLC purchased a new stake in shares of Royal Gold in the fourth quarter worth $73,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

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.