Royal Gold, Inc. (NASDAQ:RGLD) Receives Average Recommendation of “Hold” from Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $285.10.

A number of equities research analysts have recently issued reports on RGLD shares. UBS Group upped their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Royal Bank Of Canada lowered their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Weiss Ratings lowered shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Royal Gold

Institutional investors have recently bought and sold shares of the business. Axiom Investment Management LLC bought a new stake in Royal Gold in the first quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new position in shares of Royal Gold during the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc bought a new position in shares of Royal Gold during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Royal Gold during the 1st quarter worth approximately $32,000. Finally, Grove Bank & Trust increased its holdings in shares of Royal Gold by 88.6% during the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

NASDAQ:RGLD opened at $268.96 on Friday. Royal Gold has a 52-week low of $168.88 and a 52-week high of $306.25. The company has a market cap of $22.79 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.00 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The stock’s 50-day simple moving average is $214.10 and its 200 day simple moving average is $236.55.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business’s quarterly revenue was up 114.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 earnings per share. As a group, sell-side analysts forecast that Royal Gold will post 10.26 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio is presently 20.74%.

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.