Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) has received an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $94.61.
A number of research firms recently commented on RGLD. BidaskClub cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. BMO Capital Markets cut Royal Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Zacks Investment Research cut Royal Gold from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. B. Riley upgraded Royal Gold from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.00 to $100.00 in a report on Monday, April 1st. Finally, Raymond James reiterated an “outperform” rating and set a $95.00 target price on shares of Royal Gold in a report on Friday, February 8th.
Several institutional investors have recently bought and sold shares of RGLD. Oregon Public Employees Retirement Fund boosted its stake in shares of Royal Gold by 8,465.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock worth $26,000 after buying an additional 2,184,139 shares during the last quarter. Norges Bank acquired a new position in shares of Royal Gold during the 4th quarter worth about $82,113,000. Van ECK Associates Corp lifted its stake in Royal Gold by 20.9% in the 4th quarter. Van ECK Associates Corp now owns 4,811,625 shares of the basic materials company’s stock valued at $412,116,000 after purchasing an additional 831,019 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Royal Gold by 52,558.9% in the 3rd quarter. Clearbridge Investments LLC now owns 582,934 shares of the basic materials company’s stock valued at $44,921,000 after purchasing an additional 581,827 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Royal Gold by 182.5% in the 4th quarter. Deutsche Bank AG now owns 442,460 shares of the basic materials company’s stock valued at $37,895,000 after purchasing an additional 285,839 shares during the last quarter. Institutional investors own 78.55% of the company’s stock.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. The business had revenue of $97.60 million during the quarter, compared to analysts’ expectations of $100.80 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. On average, equities research analysts expect that Royal Gold will post 1.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 60.23%.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related 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, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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