Royal Gold FY2024 EPS Increased by National Bank Financial

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Investment analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for shares of Royal Gold in a research report issued to clients and investors on Thursday, November 7th. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $5.49 per share for the year, up from their prior estimate of $5.10. The consensus estimate for Royal Gold’s current full-year earnings is $5.07 per share. National Bank Financial also issued estimates for Royal Gold’s FY2025 earnings at $6.18 EPS.

RGLD has been the subject of a number of other research reports. Scotiabank raised their price objective on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. TD Securities raised their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Raymond James upped their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group upped their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $165.43.

Royal Gold Stock Performance

Shares of RGLD opened at $141.32 on Monday. The firm’s 50-day simple moving average is $143.81 and its two-hundred day simple moving average is $135.33. Royal Gold has a fifty-two week low of $100.55 and a fifty-two week high of $155.10. The stock has a market cap of $9.29 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was up 39.8% on a year-over-year basis.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $0.40 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.13%. Royal Gold’s payout ratio is presently 36.70%.

Insider Transactions at Royal Gold

In related news, Director Ronald J. Vance sold 415 shares of Royal Gold stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the transaction, the director now directly owns 8,194 shares in the company, valued at approximately $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total transaction of $58,452.75. Following the sale, the director now owns 8,194 shares in the company, valued at approximately $1,154,124.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 840 shares of the company’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 completion of the transaction, the senior vice president now owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,355 shares of company stock worth $1,038,155 in the last 90 days. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Royal Gold

A number of hedge funds have recently made changes to their positions in RGLD. DekaBank Deutsche Girozentrale lifted its holdings in shares of Royal Gold by 1,800.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock worth $2,306,000 after buying an additional 18,344 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Royal Gold by 151.2% during the 1st quarter. BNP Paribas Financial Markets now owns 24,941 shares of the basic materials company’s stock valued at $3,037,000 after purchasing an additional 15,012 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Royal Gold by 36.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock valued at $6,746,000 after purchasing an additional 14,675 shares during the last quarter. Tidal Investments LLC grew its position in shares of Royal Gold by 165.0% during the first quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock valued at $1,294,000 after purchasing an additional 6,616 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 worth $811,861,000 after purchasing an additional 21,407 shares during 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.