Royal Gold, Inc. (NASDAQ:RGLD) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $309.56.

Several research analysts have issued reports on RGLD shares. Canadian Imperial Bank of Commerce set a $305.00 price objective on Royal Gold in a research report on Friday, October 16th. Raymond James Financial restated an “outperform” rating and set a $336.00 target price on shares of Royal Gold in a research report on Tuesday. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th. Zacks Research raised Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Finally, TD decreased their price target on Royal Gold from $315.00 to $311.00 and set a “buy” rating on the stock in a report on Tuesday.

Royal Gold Stock Down 3.1%

NASDAQ RGLD opened at $227.42 on Friday. The stock’s 50 day simple moving average is $247.04 and its 200 day simple moving average is $230.58. Royal Gold has a one year low of $168.88 and a one year high of $306.25. The firm has a market cap of $19.27 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%. The company had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The business’s revenue was up 114.9% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Gold will post 10.47 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were paid a $0.4750 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is 20.74%.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president owned 8,082 shares in the company, valued at $2,123,949.60. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Royal Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citizens Financial Group Inc. RI acquired a new position in Royal Gold in the third quarter valued at about $210,000. Evergreen Capital Management LLC boosted its holdings in Royal Gold by 56.0% during the third quarter. Evergreen Capital Management LLC now owns 4,838 shares of the basic materials company’s stock worth $1,142,000 after buying an additional 1,736 shares during the last quarter. Murphy Pohlad Asset Management LLC grew its position in shares of Royal Gold by 6.7% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 1,883 shares of the basic materials company’s stock worth $444,000 after buying an additional 118 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Royal Gold by 6.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,863 shares of the basic materials company’s stock worth $676,000 after buying an additional 161 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Royal Gold by 46.6% during the 3rd quarter. Inspire Investing LLC now owns 4,722 shares of the basic materials company’s stock worth $1,114,000 after buying an additional 1,500 shares during the period. 83.65% of the stock is owned by institutional investors.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.