Royal Gold, Inc. (RGLD) To Go Ex-Dividend on January 2nd

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Tuesday, November 18th. Investors of record on Friday, January 2nd will be given a dividend of 0.475 per share by the basic materials company on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, January 2nd. This is a 5.6% increase from Royal Gold’s previous quarterly dividend of $0.45.

Royal Gold has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 25 consecutive years. Royal Gold has a payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Royal Gold to earn $6.89 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 27.6%.

Royal Gold Stock Down 0.3%

Royal Gold stock traded down $0.71 during midday trading on Wednesday, reaching $224.30. The company’s stock had a trading volume of 58,862 shares, compared to its average volume of 790,450. The stock’s 50-day simple moving average is $198.65 and its 200-day simple moving average is $185.23. The stock has a market capitalization of $18.93 billion, a P/E ratio of 30.85, a PEG ratio of 0.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. Royal Gold has a 52-week low of $131.00 and a 52-week high of $235.52.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The company had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. During the same period in the prior year, the firm posted $1.47 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, sell-side analysts expect that Royal Gold will post 6.2 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on RGLD. Raymond James Financial set a $264.00 target price on shares of Royal Gold in a report on Thursday, November 6th. TD Cowen lifted their price target on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Scotiabank restated an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. Wall Street Zen cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.60.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.