Royal Gold, Inc. (NASDAQ:RGLD) Receives Consensus Rating of “Moderate Buy” from Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has earned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $280.30.

Several brokerages have recently issued reports on RGLD. Jefferies Financial Group lowered their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday. National Bank Financial reduced their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. UBS Group dropped their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th.

Royal Gold Price Performance

NASDAQ RGLD opened at $191.93 on Thursday. The business has a 50 day simple moving average of $217.66 and a 200 day simple moving average of $245.64. Royal Gold has a 52-week low of $150.75 and a 52-week high of $306.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.46 and a beta of 0.44.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Royal Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Axiom Investment Management LLC bought a new stake in Royal Gold during the 1st quarter worth about $25,000. Grove Bank & Trust increased its position in shares of Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Royal Gold during the fourth quarter worth about $27,000. Gen Wealth Partners Inc bought a new stake in Royal Gold during the fourth quarter worth about $27,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Royal Gold in the 3rd quarter valued at approximately $29,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.