Royal Gold, Inc. (NASDAQ:RGLD) Receives $280.27 Consensus Target Price from Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $280.7273.

RGLD has been the topic of several research analyst reports. UBS Group boosted their target price on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings cut Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Royal Bank Of Canada lowered their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Scotiabank restated a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th. Finally, National Bank Financial cut their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Royal Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Axiom Investment Management LLC acquired a new position in shares of Royal Gold in the 1st quarter valued at $25,000. Grove Bank & Trust lifted its position in Royal Gold by 88.6% during the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 62 shares during the period. Elyxium Wealth LLC acquired a new stake in Royal Gold during the 4th quarter worth about $27,000. Gen Wealth Partners Inc purchased a new stake in Royal Gold during the 4th quarter valued at about $27,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in Royal Gold during the 4th quarter valued at about $30,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

NASDAQ RGLD opened at $229.92 on Monday. The firm’s fifty day simple moving average is $204.50 and its two-hundred day simple moving average is $239.82. The company has a current ratio of 2.92, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. Royal Gold has a 12-month low of $164.13 and a 12-month high of $306.25. The firm has a market capitalization of $19.51 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.59 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to analyst estimates of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business’s revenue for the quarter was up 114.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.81 EPS. Analysts forecast that Royal Gold will post 10.38 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.475 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

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.