Royal Gold (RGLD) to Release Quarterly Earnings on Wednesday

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) will announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Royal Gold Trading Up 0.4 %

Shares of RGLD stock opened at $112.06 on Tuesday. The stock has a market cap of $7.36 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.34 and a beta of 0.89. Royal Gold has a 1 year low of $101.82 and a 1 year high of $147.82. The company has a current ratio of 2.31, a quick ratio of 2.17 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $118.30 and a 200 day simple moving average of $113.41.

Institutional Trading of Royal Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in Royal Gold during the 2nd quarter worth approximately $31,000. 1832 Asset Management L.P. bought a new stake in shares of Royal Gold in the first quarter worth $51,000. Coppell Advisory Solutions Corp. acquired a new stake in Royal Gold in the fourth quarter valued at $52,000. Harbour Investments Inc. raised its position in Royal Gold by 20.4% during the 4th quarter. Harbour Investments Inc. now owns 572 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 97 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in Royal Gold by 38.3% during the 4th quarter. Penserra Capital Management LLC now owns 639 shares of the basic materials company’s stock worth $72,000 after buying an additional 177 shares during the period. 80.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, TD Securities dropped their target price on shares of Royal Gold from $175.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $146.88.

Read Our Latest Stock Analysis on RGLD

About Royal Gold

(Get Free Report)

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.

See Also

Earnings History for Royal Gold (NASDAQ:RGLD)

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