Royal Gold, Inc. (NASDAQ:RGLD) Receives $165.43 Consensus Price Target from Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has earned an average rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $165.43.

Several research analysts recently weighed in on the company. Scotiabank lifted their price target 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. Jefferies Financial Group raised their target price on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Raymond James upped their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Royal Gold Trading Up 4.3 %

NASDAQ:RGLD opened at $146.29 on Friday. The company has a market capitalization of $9.62 billion, a P/E ratio of 33.55, a PEG ratio of 1.12 and a beta of 0.90. Royal Gold has a 12 month low of $100.55 and a 12 month high of $155.10. The firm has a fifty day simple moving average of $144.03 and a 200-day simple moving average of $135.72.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the prior year, the company earned $0.76 EPS. Royal Gold’s quarterly revenue was up 39.8% on a year-over-year basis. Equities analysts forecast that Royal Gold will post 5.13 EPS for the current year.

Insider Activity at Royal Gold

In related news, Director Ronald J. Vance sold 415 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 8,194 shares of the company’s stock, valued at approximately $1,154,124.90. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. The trade was a 38.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,339 shares of company stock valued at $1,329,902. 0.52% of the stock is owned by insiders.

Institutional Trading of Royal Gold

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Royal Gold by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock worth $185,454,000 after buying an additional 33,151 shares during the last quarter. Valued Retirements Inc. purchased a new stake in Royal Gold in the third quarter valued at $403,000. Public Employees Retirement System of Ohio lifted its stake in shares of Royal Gold by 2.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,083 shares of the basic materials company’s stock valued at $3,659,000 after purchasing an additional 640 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Royal Gold during the 3rd quarter worth about $268,000. 83.65% of the stock is currently owned by hedge funds and other 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.