Royal Gold (RGLD) Given New $94.00 Price Target at TD Securities

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Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its target price hoisted by TD Securities from $92.00 to $94.00 in a report released on Monday. The firm currently has a hold rating on the basic materials company’s stock.

A number of other research firms also recently commented on RGLD. Zacks Investment Research downgraded Royal Gold from a hold rating to a sell rating in a report on Tuesday, December 18th. BidaskClub upgraded Royal Gold from a strong sell rating to a sell rating in a report on Saturday, November 17th. Raymond James set a $94.00 price target on Royal Gold and gave the company a buy rating in a report on Thursday, November 1st. Barclays lowered their price target on Royal Gold from $78.00 to $77.00 and set an equal weight rating on the stock in a report on Wednesday, November 14th. Finally, ValuEngine upgraded Royal Gold from a hold rating to a buy rating in a report on Friday, December 7th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $94.39.

NASDAQ:RGLD opened at $86.38 on Monday. Royal Gold has a 52 week low of $70.16 and a 52 week high of $98.53. The company has a market capitalization of $5.65 billion, a P/E ratio of 49.08, a PEG ratio of 5.52 and a beta of 0.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.27 and a current ratio of 5.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Royal Gold had a positive return on equity of 4.56% and a negative net margin of 20.57%. The firm had revenue of $97.60 million for the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue was down 14.6% on a year-over-year basis. On average, sell-side analysts anticipate that Royal Gold will post 1.57 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its holdings in Royal Gold by 8,465.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 2,184,139 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of Royal Gold in the fourth quarter worth $51,000. Essex Investment Management Co. LLC acquired a new stake in shares of Royal Gold in the fourth quarter worth $94,000. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Royal Gold in the third quarter worth $101,000. Finally, Ffcm LLC grew its stake in shares of Royal Gold by 216.4% in the fourth quarter. Ffcm LLC now owns 1,984 shares of the basic materials company’s stock worth $170,000 after acquiring an additional 1,357 shares during the last quarter. Institutional investors own 78.40% of the company’s stock.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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