Royal Gold, Inc (RGLD) Given Average Rating of “Hold” by Analysts

Shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $95.15.

A number of research firms have issued reports on RGLD. BidaskClub downgraded shares of Royal Gold from a “sell” rating to a “strong sell” rating in a report on Thursday. TD Securities downgraded shares of Royal Gold from a “buy” rating to a “hold” rating and cut their price objective for the stock from $97.00 to $88.00 in a report on Friday, November 2nd. Raymond James set a $94.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. Finally, Barclays began coverage on shares of Royal Gold in a report on Wednesday, October 10th. They set an “equal weight” rating and a $78.00 price objective on the stock.

In other Royal Gold news, Director Jamie C. Sokalsky bought 2,000 shares of the stock in a transaction dated Monday, September 17th. The shares were bought at an average cost of $77.18 per share, for a total transaction of $154,360.00. Following the purchase, the director now directly owns 10,185 shares of the company’s stock, valued at approximately $786,078.30. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sybil E. Veenman bought 500 shares of the stock in a transaction dated Wednesday, September 26th. The shares were acquired at an average price of $78.11 per share, for a total transaction of $39,055.00. Following the completion of the purchase, the director now directly owns 2,515 shares in the company, valued at $196,446.65. The disclosure for this purchase can be found here. Insiders have bought a total of 4,500 shares of company stock worth $347,915 over the last quarter. Company insiders own 0.95% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Royal Gold during the 2nd quarter worth $151,000. Visionary Asset Management Inc. raised its stake in Royal Gold by 26.1% in the 3rd quarter. Visionary Asset Management Inc. now owns 4,635 shares of the basic materials company’s stock valued at $357,000 after acquiring an additional 958 shares during the period. Kovack Advisors Inc. bought a new stake in Royal Gold in the 3rd quarter valued at about $231,000. Tiverton Asset Management LLC bought a new stake in Royal Gold in the 2nd quarter valued at about $318,000. Finally, Tyers Asset Management LLC raised its stake in Royal Gold by 20.8% in the 2nd quarter. Tyers Asset Management LLC now owns 8,764 shares of the basic materials company’s stock valued at $814,000 after acquiring an additional 1,512 shares during the period. Institutional investors own 75.43% of the company’s stock.

RGLD traded down $0.68 during mid-day trading on Monday, reaching $73.69. 495,991 shares of the stock were exchanged, compared to its average volume of 564,384. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.27 and a quick ratio of 4.00. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 47.37, a P/E/G ratio of 4.98 and a beta of 0.43. Royal Gold has a 1 year low of $71.91 and a 1 year high of $98.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.14). The firm had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $98.88 million. Royal Gold had a positive return on equity of 4.66% and a negative net margin of 28.39%. Royal Gold’s revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. As a group, equities analysts anticipate that Royal Gold will post 1.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, October 4th. Royal Gold’s payout ratio is 56.82%.

About Royal Gold

Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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