Royal Gold, Inc. (NASDAQ:RGLD) Given Average Recommendation of “Hold” by Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been given an average rating of “Hold” by the ten analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $165.43.

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. TD Securities boosted their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Raymond James raised their target price on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Jefferies Financial Group upped their price target on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Scotiabank raised their price objective on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th.

Royal Gold Stock Performance

Royal Gold stock opened at $140.24 on Friday. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 1.12 and a beta of 0.90. Royal Gold has a 52-week low of $100.55 and a 52-week high of $155.10. The stock’s 50 day moving average price is $144.03 and its two-hundred day moving average price is $135.50.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The business’s revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. On average, equities research analysts forecast that Royal Gold will post 5.13 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold’s dividend payout ratio (DPR) is 36.70%.

Insiders Place Their Bets

In related news, SVP Daniel Breeze sold 840 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the sale, the senior vice president now directly owns 16,842 shares in the company, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the transaction, the director now owns 9,268 shares of the company’s stock, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,339 shares of company stock valued at $1,329,902 over the last ninety days. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Royal Gold

A number of large investors have recently modified their holdings of RGLD. Point72 Hong Kong Ltd bought a new stake in Royal Gold during the third quarter valued at $36,000. Advisors Asset Management Inc. purchased a new stake in shares of Royal Gold in the 3rd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 110 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Royal Gold during the third quarter worth about $49,000. Finally, Larson Financial Group LLC increased its position in shares of Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 123 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

About Royal Gold

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.