Royal Gold Inc. (NASDAQ:RGLD) – Investment analysts at National Bank Financial cut their FY2018 EPS estimates for Royal Gold in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the brokerage will post earnings of $1.62 per share for the year, down from their prior estimate of $1.70. National Bank Financial has a “Outperform” rating and a $85.00 price objective on the stock.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 12th. Barclays PLC boosted their price objective on Royal Gold from $62.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, August 8th. FBR & Co boosted their price objective on Royal Gold from $71.00 to $78.00 and gave the company a “mkt perform” rating in a report on Wednesday, July 20th. Dundee Securities upgraded Royal Gold from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $85.00 in a report on Wednesday, July 6th. Finally, BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $71.58.
Royal Gold (NASDAQ:RGLD) traded up 1.34% during midday trading on Monday, reaching $69.79. The company had a trading volume of 822,114 shares. The firm’s market capitalization is $4.56 billion. Royal Gold has a 12-month low of $24.68 and a 12-month high of $87.74. The stock’s 50 day moving average is $74.71 and its 200 day moving average is $69.83.
Royal Gold (NASDAQ:RGLD) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $100.62 million. During the same quarter last year, the company posted $0.23 EPS. The firm’s revenue was up 27.9% on a year-over-year basis.
Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $120,000 after buying an additional 208 shares during the last quarter. Bellwether Investment Group LLC purchased a new stake in shares of Royal Gold during the second quarter valued at about $139,000. Meeder Asset Management Inc. raised its stake in shares of 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 during the last quarter. Cantab Capital Partners LLP purchased a new stake in shares of Royal Gold during the second quarter valued at about $144,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 68.95% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.32%. Royal Gold’s payout ratio is presently -77.97%.
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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