Royal Gold, Inc. (NASDAQ:RGLD) Given Consensus Rating of “Hold” by Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $157.00.

RGLD has been the topic of a number of recent research reports. Bank of America raised their target price on shares of Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a report on Wednesday, June 26th. Jefferies Financial Group raised their price target on Royal Gold from $130.00 to $141.00 and gave the stock a “hold” rating in a report on Friday, July 12th. CIBC upped their price objective on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. BMO Capital Markets raised their target price on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Finally, StockNews.com downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Monday, August 26th.

Royal Gold Trading Down 0.8 %

Shares of NASDAQ RGLD opened at $140.17 on Monday. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. Royal Gold has a twelve month low of $100.55 and a twelve month high of $142.77. The business has a 50 day simple moving average of $134.14 and a 200-day simple moving average of $124.80.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The company had revenue of $174.10 million for the quarter, compared to analysts’ expectations of $172.12 million. During the same period in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts predict that Royal Gold will post 4.7 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, October 4th. Royal Gold’s dividend payout ratio is currently 47.20%.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,430 shares in the company, valued at $1,042,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Royal Gold news, CFO Paul Libner sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following the sale, the chief financial officer now directly owns 18,657 shares in the company, valued at $2,659,182.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction of $645,426.00. Following the transaction, the senior vice president now owns 7,430 shares of the company’s stock, valued at approximately $1,042,503.30. The disclosure for this sale can be found here. Insiders sold 7,515 shares of company stock valued at $1,049,834 over the last 90 days. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Royal Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new stake in shares of Royal Gold during the first quarter worth $36,000. Janiczek Wealth Management LLC lifted its stake in Royal Gold by 321.8% during the first quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock valued at $52,000 after buying an additional 325 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of Royal Gold by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock worth $54,000 after buying an additional 223 shares during the period. Quadrant Capital Group LLC increased its position in shares of Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 116 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Royal Gold during the second quarter valued at approximately $62,000. 83.65% of the stock is currently owned by institutional investors.

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.