Royal Gold, Inc. (NASDAQ:RGLD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $280.70.

RGLD has been the topic of several recent research reports. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Weiss Ratings cut shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, National Bank Financial dropped their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th.

Royal Gold Stock Performance

Shares of RGLD opened at $214.82 on Friday. The firm’s 50 day moving average is $232.70 and its 200-day moving average is $246.02. The stock has a market capitalization of $18.23 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.60 and a beta of 0.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. Royal Gold has a 12-month low of $150.75 and a 12-month high of $306.25.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This trade represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RGLD. Axiom Investment Management LLC purchased a new position in shares of Royal Gold in the first quarter worth approximately $25,000. Elyxium Wealth LLC purchased a new position in shares of Royal Gold in the fourth quarter worth approximately $27,000. Gen Wealth Partners Inc purchased a new position in shares of Royal Gold in the fourth quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Royal Gold in the third quarter worth approximately $29,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Royal Gold in the fourth quarter worth approximately $30,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

About Royal Gold

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.