Royal Gold, Inc. (NASDAQ:RGLD) Announces $0.48 Quarterly Dividend

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.475 per share by the basic materials company on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd.

Royal Gold has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 25 consecutive years. Royal Gold has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $12.52 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 15.2%.

Royal Gold Price Performance

Shares of RGLD stock opened at $223.09 on Thursday. The stock’s fifty day moving average is $247.89 and its 200-day moving average is $241.80. 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 capitalization of $18.93 billion, a PE ratio of 26.59, a PEG ratio of 1.79 and a beta of 0.43. Royal Gold has a 52 week low of $150.75 and a 52 week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). The business had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.Royal Gold’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 EPS. Equities research analysts expect that Royal Gold will post 11.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a report on Wednesday, February 4th. National Bank Financial lowered their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research report on Monday, January 26th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Company Profile

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.