Q1 2024 EPS Estimates for Royal Gold, Inc. Lifted by Raymond James (NASDAQ:RGLD)

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Investment analysts at Raymond James increased their Q1 2024 earnings per share estimates for Royal Gold in a research report issued to clients and investors on Wednesday, April 17th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.90 per share for the quarter, up from their prior forecast of $0.88. The consensus estimate for Royal Gold’s current full-year earnings is $4.32 per share.

Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group assumed coverage on Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target on the stock. BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. Finally, Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.25.

Royal Gold Trading Up 1.3 %

Shares of RGLD stock opened at $120.41 on Monday. Royal Gold has a 1 year low of $100.55 and a 1 year high of $147.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18. The stock’s 50 day simple moving average is $113.87 and its two-hundred day simple moving average is $114.54. The company has a market cap of $7.91 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 6.32 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The business had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.60 annualized dividend and a yield of 1.33%. Royal Gold’s payout ratio is currently 43.96%.

Insiders Place Their Bets

In other Royal Gold news, VP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total transaction of $52,090.00. Following the transaction, the vice president now directly owns 9,473 shares in the company, valued at approximately $986,897.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Royal Gold

Several hedge funds and other institutional investors have recently bought and sold shares of RGLD. Capital World Investors boosted its position in shares of Royal Gold by 0.6% in the 4th quarter. Capital World Investors now owns 8,169,223 shares of the basic materials company’s stock worth $988,149,000 after purchasing an additional 47,807 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Royal Gold by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,643,568 shares of the basic materials company’s stock worth $803,606,000 after purchasing an additional 22,921 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Royal Gold by 0.5% in the 4th quarter. Van ECK Associates Corp now owns 4,303,377 shares of the basic materials company’s stock worth $520,536,000 after purchasing an additional 22,701 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Royal Gold by 1.0% in the 4th quarter. First Eagle Investment Management LLC now owns 3,667,169 shares of the basic materials company’s stock worth $443,581,000 after purchasing an additional 37,885 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Royal Gold by 0.5% in the 3rd quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company’s stock worth $74,339,000 after purchasing an additional 3,541 shares in the last quarter. Institutional investors own 83.65% 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. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.