Royal Gold (NASDAQ:RGLD) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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Royal Gold (NASDAQ:RGLD) (TSE:RGL) posted its earnings results on Wednesday. The basic materials company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02, Briefing.com reports. Royal Gold had a return on equity of 4.42% and a net margin of 22.18%. The business had revenue of $118.77 million during the quarter, compared to analysts’ expectations of $129.47 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s revenue was up 18.8% on a year-over-year basis.

Shares of RGLD stock opened at $113.75 on Friday. The company has a quick ratio of 4.26, a current ratio of 4.60 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $122.31 and a two-hundred day moving average price of $110.27. Royal Gold has a 12-month low of $70.16 and a 12-month high of $138.78. The firm has a market cap of $7.26 billion, a P/E ratio of 78.45, a price-to-earnings-growth ratio of 4.43 and a beta of 0.10.

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 73.10%.

Several equities analysts recently commented on the company. B. Riley cut Royal Gold from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $127.10 to $122.00 in a research report on Thursday, October 31st. National Bank Financial boosted their target price on Royal Gold from $112.50 to $117.50 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Cantor Fitzgerald upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday. CIBC cut Royal Gold from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, August 1st. Finally, TD Securities boosted their target price on Royal Gold from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $111.94.

In other news, VP Bruce Christopher Kirchhoff sold 1,417 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $127.16, for a total value of $180,185.72. Following the completion of the sale, the vice president now owns 48,826 shares of the company’s stock, valued at approximately $6,208,714.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William M. Hayes sold 18,369 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $125.00, for a total value of $2,296,125.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,603 shares of company stock valued at $11,107,708. Corporate insiders own 0.52% 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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Earnings History for Royal Gold (NASDAQ:RGLD)

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