Royal Gold (RGLD) Scheduled to Post Earnings on Wednesday

Royal Gold (NASDAQ:RGLD) (TSE:RGL) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Royal Gold to post earnings of $1.25 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts expect Royal Gold to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Royal Gold Price Performance

Royal Gold stock opened at $145.45 on Monday. Royal Gold has a 1-year low of $100.55 and a 1-year high of $155.10. The company’s 50-day moving average is $143.00 and its 200 day moving average is $134.08. The firm has a market capitalization of $9.56 billion, a P/E ratio of 39.85, a price-to-earnings-growth ratio of 1.20 and a beta of 0.90.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold’s payout ratio is currently 43.84%.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the sale, the senior vice president now owns 16,842 shares of the company’s stock, valued at $2,415,648.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Paul Libner sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the transaction, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the sale, the senior vice president now directly owns 16,842 shares in the company, valued at $2,415,648.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,355 shares of company stock valued at $1,170,315 in the last ninety days. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Raymond James upped their price objective on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research note on Friday, August 9th. Scotiabank boosted their price target on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. CIBC lifted their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, Cibc World Mkts upgraded Royal Gold to a “hold” rating in a report on Wednesday, July 10th. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $159.50.

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.