Royal Gold, Inc. (RGLD) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) released its earnings results on Wednesday. The basic materials company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.02, Bloomberg Earnings reports. Royal Gold had a return on equity of 4.22% and a net margin of 23.93%. The company had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year.

Royal Gold (NASDAQ:RGLD) traded up 1.14% during mid-day trading on Thursday, reaching $85.91. The company’s stock had a trading volume of 147,927 shares. The stock’s 50-day moving average is $81.57 and its 200-day moving average is $74.20. The firm has a market capitalization of $5.61 billion, a PE ratio of 54.89 and a beta of 0.68. Royal Gold has a 12 month low of $60.21 and a 12 month high of $88.03.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, July 5th. Royal Gold’s dividend payout ratio is presently 61.15%.

RGLD has been the subject of several analyst reports. Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Wednesday, July 12th. Macquarie cut Royal Gold from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 12th. BidaskClub raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of Royal Gold in a research report on Thursday, June 29th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $84.00 price objective (up from $83.00) on shares of Royal Gold in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Royal Gold presently has an average rating of “Buy” and an average price target of $89.77.

In other Royal Gold news, CEO Tony A. Jensen sold 25,000 shares of Royal Gold stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total value of $2,125,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stefan Wenger sold 1,129 shares of Royal Gold stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total value of $95,965.00. The disclosure for this sale can be found here. Insiders sold 57,629 shares of company stock valued at $4,736,660 over the last quarter. Insiders own 1.37% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI bought a new position in shares of Royal Gold during the second quarter worth approximately $104,000. Meadow Creek Investment Management LLC increased its position in shares of Royal Gold by 6.2% in the first quarter. Meadow Creek Investment Management LLC now owns 1,648 shares of the basic materials company’s stock worth $115,000 after buying an additional 96 shares during the last quarter. MUFG Americas Holdings Corp bought a new position in shares of Royal Gold during the second quarter worth approximately $117,000. KBC Group NV bought a new position in shares of Royal Gold during the second quarter worth approximately $142,000. Finally, Neuburgh Advisers LLC increased its position in shares of Royal Gold by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,266 shares of the basic materials company’s stock worth $159,000 after buying an additional 132 shares during the last quarter. Institutional investors own 70.57% of the company’s stock.

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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.

Earnings History for Royal Gold (NASDAQ:RGLD)

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