Royal Gold (RGLD) Receives Consensus Recommendation of “Hold” from Analysts

Royal Gold (NASDAQ:RGLD) (TSE:RGL) has received an average rating of “Hold” from the eighteen brokerages that are covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $94.85.

Several research analysts recently weighed in on RGLD shares. TD Securities started coverage on shares of Royal Gold in a research note on Friday, December 8th. They issued a “buy” rating for the company. Cantor Fitzgerald started coverage on shares of Royal Gold in a research note on Thursday, January 4th. They issued a “buy” rating and a $105.00 target price for the company. Canaccord Genuity raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. BMO Capital Markets set a $102.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research note on Wednesday. Finally, BidaskClub raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.

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Shares of NASDAQ:RGLD traded up $2.65 during midday trading on Friday, hitting $85.87. 546,612 shares of the stock were exchanged, compared to its average volume of 485,768. The company has a market capitalization of $5,620.62, a PE ratio of 55.40, a price-to-earnings-growth ratio of 5.10 and a beta of 0.70. The company has a quick ratio of 3.80, a current ratio of 3.98 and a debt-to-equity ratio of 0.21. Royal Gold has a twelve month low of $67.10 and a twelve month high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $114.35 million for the quarter, compared to analyst estimates of $114.79 million. Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. equities analysts anticipate that Royal Gold will post 1.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, April 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 5th. Royal Gold’s dividend payout ratio (DPR) is 64.52%.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $88.50, for a total value of $132,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 4,500 shares of company stock valued at $387,750 in the last 90 days. 1.12% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of RGLD. Amundi Pioneer Asset Management Inc. purchased a new stake in Royal Gold in the 4th quarter valued at about $18,763,000. KBC Group NV grew its holdings in Royal Gold by 5,094.1% in the 3rd quarter. KBC Group NV now owns 94,480 shares of the basic materials company’s stock valued at $8,129,000 after buying an additional 92,661 shares during the period. APG Asset Management N.V. purchased a new stake in Royal Gold in the 4th quarter valued at about $3,283,000. Mackenzie Financial Corp grew its holdings in Royal Gold by 245.5% in the 3rd quarter. Mackenzie Financial Corp now owns 67,378 shares of the basic materials company’s stock valued at $5,797,000 after buying an additional 47,878 shares during the period. Finally, TD Asset Management Inc. purchased a new stake in Royal Gold in the 3rd quarter valued at about $3,878,000. Institutional investors own 77.65% of the company’s stock.

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Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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