Royal Gold (NASDAQ:RGLD) (TSE:RGL) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
RGLD has been the subject of several other reports. National Bank Financial boosted their price objective on shares of Royal Gold from $100.00 to $102.50 and gave the company a “sector perform” rating in a report on Friday, February 9th. Scotiabank set a $89.00 price objective on shares of Royal Gold and gave the company a “hold” rating in a report on Tuesday, March 6th. Raymond James raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $90.00 to $88.00 in a report on Wednesday, March 14th. ValuEngine raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Canaccord Genuity set a $103.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a report on Monday, April 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Royal Gold presently has an average rating of “Hold” and an average target price of $96.46.
Shares of NASDAQ RGLD opened at $88.58 on Thursday. The company has a market capitalization of $5.78 billion, a PE ratio of 53.83, a PEG ratio of 5.02 and a beta of 0.65. Royal Gold has a 52-week low of $74.35 and a 52-week high of $94.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.20 and a current ratio of 3.49.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Thursday, May 3rd. The basic materials company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. Royal Gold had a negative net margin of 26.51% and a positive return on equity of 4.73%. The firm had revenue of $116.00 million during the quarter, compared to analysts’ expectations of $111.66 million. During the same period in the previous year, the company earned $0.36 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. research analysts anticipate that Royal Gold will post 1.76 earnings per share for the current year.
In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 4,500 shares of company stock valued at $388,650. 1.12% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in RGLD. Nisa Investment Advisors LLC increased its holdings in Royal Gold by 3.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 30,200 shares of the basic materials company’s stock valued at $2,480,000 after buying an additional 1,000 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Royal Gold by 4.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 245,240 shares of the basic materials company’s stock valued at $20,140,000 after buying an additional 10,842 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Royal Gold during the fourth quarter valued at approximately $1,067,000. APG Asset Management N.V. purchased a new stake in Royal Gold during the fourth quarter valued at approximately $3,283,000. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in Royal Gold by 42.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 8,174 shares of the basic materials company’s stock valued at $671,000 after buying an additional 2,425 shares during the last quarter. 77.59% of the stock is 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 similar 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. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.
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