Royal Gold (NASDAQ:RGLD) Posts Earnings Results, Misses Expectations By $0.09 EPS

Royal Gold (NASDAQ:RGLD) (TSE:RGL) released its quarterly earnings data on Wednesday. The basic materials company reported $2.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.09), FiscalAI reports. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business had revenue of $479.14 million during the quarter, compared to analyst estimates of $474.04 million. During the same period in the previous year, the business earned $1.51 earnings per share. The business’s quarterly revenue was up 142.5% on a year-over-year basis.

Royal Gold Stock Performance

Shares of NASDAQ RGLD traded up $10.98 during trading hours on Wednesday, reaching $236.88. 1,363,378 shares of the stock were exchanged, compared to its average volume of 745,886. The firm has a market capitalization of $20.10 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 1.78 and a beta of 0.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. Royal Gold has a 52 week low of $150.75 and a 52 week high of $306.25. The stock’s fifty day simple moving average is $258.49 and its 200 day simple moving average is $238.21.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were paid a dividend of $0.475 per share. The ex-dividend date was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of recent analyst reports. National Bank Financial cut their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Finally, Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Insider Transactions at Royal Gold

In other news, Director Mark Isto sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the transaction, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, the director owned 6,129 shares in the company, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,573 shares of company stock worth $2,127,091. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Royal Gold

A number of hedge funds have recently added to or reduced their stakes in the stock. Compound Planning Inc. increased its stake in Royal Gold by 10.0% during the 4th quarter. Compound Planning Inc. now owns 1,446 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 131 shares during the period. Invesco Ltd. increased its stake in Royal Gold by 44.3% during the 4th quarter. Invesco Ltd. now owns 1,446,731 shares of the basic materials company’s stock worth $321,594,000 after acquiring an additional 443,942 shares during the period. Corient Private Wealth LLC increased its stake in Royal Gold by 137.6% during the 4th quarter. Corient Private Wealth LLC now owns 6,629 shares of the basic materials company’s stock worth $1,470,000 after acquiring an additional 3,839 shares during the period. First Commonwealth Financial Corp PA increased its stake in Royal Gold by 5.1% during the 4th quarter. First Commonwealth Financial Corp PA now owns 3,692 shares of the basic materials company’s stock worth $821,000 after acquiring an additional 180 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in Royal Gold by 74.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,294 shares of the basic materials company’s stock worth $2,733,000 after acquiring an additional 5,229 shares during the period. Institutional investors own 83.65% of the company’s stock.

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.