Royal Gold, Inc. (NASDAQ:RGLD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have received a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $142.13.

Several analysts recently issued reports on RGLD shares. BMO Capital Markets raised their price target on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank raised their price target on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a report on Thursday. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. Jefferies Financial Group started coverage on Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target on the stock. Finally, Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th.

Royal Gold Trading Down 0.1 %

NASDAQ:RGLD opened at $128.51 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $122.37 and its two-hundred day moving average is $117.52. Royal Gold has a 52 week low of $100.55 and a 52 week high of $134.56. The company has a market cap of $8.45 billion, a PE ratio of 37.91, a P/E/G ratio of 1.09 and a beta of 0.88.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company had revenue of $148.90 million during the quarter, compared to the consensus estimate of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. On average, analysts predict that Royal Gold will post 4.51 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, July 5th. Royal Gold’s dividend payout ratio (DPR) is presently 47.20%.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at approximately $1,940,033.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the transaction, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Royal Gold

A number of hedge funds have recently modified their holdings of the stock. Commerce Bank grew its holdings in shares of Royal Gold by 4.3% in the 4th quarter. Commerce Bank now owns 2,356 shares of the basic materials company’s stock worth $285,000 after acquiring an additional 98 shares during the last quarter. Dana Investment Advisors Inc. grew its holdings in shares of Royal Gold by 0.5% in the 4th quarter. Dana Investment Advisors Inc. now owns 23,255 shares of the basic materials company’s stock worth $2,813,000 after acquiring an additional 110 shares during the last quarter. Birch Capital Management LLC grew its holdings in shares of Royal Gold by 16.5% in the 1st quarter. Birch Capital Management LLC now owns 799 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 113 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Royal Gold by 3.1% in the 3rd quarter. Private Advisor Group LLC now owns 3,835 shares of the basic materials company’s stock worth $408,000 after acquiring an additional 115 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Royal Gold by 31.3% in the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 116 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

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.