Royal Gold (NASDAQ:RGLD) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Royal Gold (NASDAQ:RGLD) (TSE:RGL) released its earnings results on Wednesday. The basic materials company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04), Briefing.com reports. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm had revenue of $148.90 million during the quarter, compared to analyst estimates of $147.02 million. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was down 12.6% on a year-over-year basis.

Royal Gold Stock Performance

Shares of Royal Gold stock traded up $1.96 during trading on Thursday, reaching $125.37. The company’s stock had a trading volume of 439,062 shares, compared to its average volume of 428,123. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. The business’s fifty day moving average price is $117.80 and its 200-day moving average price is $115.69. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 6.99 and a beta of 0.88. Royal Gold has a one year low of $100.55 and a one year high of $141.62.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s dividend payout ratio is 43.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RGLD. Jefferies Financial Group began coverage on Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target on the stock. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets lowered their price target on Royal Gold from $162.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $141.14.

Insider Transactions at Royal Gold

In related news, VP Randy Shefman sold 500 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $104.18, for a total transaction of $52,090.00. Following the transaction, the vice president now owns 9,473 shares of the company’s stock, valued at $986,897.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Company Profile

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.