Royal Gold, Inc. (NASDAQ:RGLD) Receives $158.86 Consensus Price Target from Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have received an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $158.86.

A number of brokerages have weighed in on RGLD. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. BMO Capital Markets increased their price objective on shares of Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Jefferies Financial Group raised their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank boosted their target price on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Finally, Raymond James increased their price target on Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a report on Friday, August 9th.

Royal Gold Stock Down 0.7 %

Shares of NASDAQ RGLD opened at $151.15 on Tuesday. The company has a 50 day moving average of $141.74 and a 200 day moving average of $132.85. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.10. The firm has a market cap of $9.94 billion, a P/E ratio of 41.41, a PEG ratio of 1.30 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The firm had revenue of $174.10 million during the quarter, compared to analysts’ expectations of $172.12 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue was up 20.9% on a year-over-year basis. As a group, equities analysts expect that Royal Gold will post 4.86 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, October 4th. Royal Gold’s dividend payout ratio is presently 43.84%.

Insider Activity

In related news, Director Ronald J. Vance sold 415 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the transaction, the director now directly owns 8,194 shares of the company’s stock, valued at approximately $1,154,124.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ronald J. Vance sold 415 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now directly owns 8,194 shares of the company’s stock, valued at approximately $1,154,124.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $132.16, for a total transaction of $132,160.00. Following the transaction, the director now directly owns 9,109 shares in the company, valued at $1,203,845.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,355 shares of company stock valued at $1,170,315 in the last 90 days. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RGLD. Vanguard Group Inc. lifted its position in shares of Royal Gold by 0.3% in the first quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock valued at $811,861,000 after acquiring an additional 21,407 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Royal Gold by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 4,595,734 shares of the basic materials company’s stock worth $559,807,000 after purchasing an additional 292,357 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Royal Gold by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock worth $448,694,000 after purchasing an additional 20,508 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Royal Gold by 34.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after purchasing an additional 212,316 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after buying an additional 156,048 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

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.