Royal Gold Inc. (NASDAQ:RGLD) – Analysts at National Bank Financial issued their Q1 2017 earnings per share (EPS) estimates for Royal Gold in a research note issued on Wednesday. National Bank Financial analyst S. Nagle forecasts that the firm will earn $0.36 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $85.00 target price on the stock. National Bank Financial also issued estimates for Royal Gold’s FY2017 earnings at $1.40 EPS.
Other analysts have also issued reports about the company. Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, July 8th. HSBC reissued a “buy” rating on shares of Royal Gold in a research note on Thursday, July 7th. Dundee Securities raised Royal Gold from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $85.00 in a research note on Wednesday, July 6th. FBR & Co set a $80.00 price target on Royal Gold and gave the company a “hold” rating in a research note on Tuesday, September 20th. Finally, BMO Capital Markets raised Royal Gold from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Royal Gold presently has a consensus rating of “Buy” and an average target price of $72.29.
Royal Gold (NASDAQ:RGLD) opened at 65.96 on Friday. The company has a 50 day moving average price of $75.20 and a 200 day moving average price of $69.34. Royal Gold has a 12 month low of $24.68 and a 12 month high of $87.74. The firm’s market capitalization is $4.31 billion.
Royal Gold (NASDAQ:RGLD) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Royal Gold had a negative net margin of 21.44% and a positive return on equity of 2.81%. The business earned $94.10 million during the quarter, compared to analyst estimates of $100.62 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Royal Gold’s revenue for the quarter was up 27.9% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.39%. Royal Gold’s payout ratio is currently -77.97%.
A number of large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Royal Gold by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,669 shares of the company’s stock worth $120,000 after buying an additional 208 shares during the last quarter. Bellwether Investment Group LLC purchased a new stake in Royal Gold during the second quarter valued at approximately $139,000. Meeder Asset Management Inc. increased its stake in Royal Gold by 199,100.0% in the second quarter. Meeder Asset Management Inc. now owns 1,992 shares of the company’s stock valued at $144,000 after buying an additional 1,991 shares in the last quarter. Cantab Capital Partners LLP purchased a new stake in Royal Gold during the second quarter valued at approximately $144,000. Finally, PNC Financial Services Group Inc. increased its stake in Royal Gold by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,184 shares of the company’s stock valued at $157,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 68.95% of the company’s stock.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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