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

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $168.86.

Several brokerages have issued reports on RGLD. Raymond James upped their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, TD Securities lifted their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Insider Activity

In other news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the transaction, the director now owns 9,268 shares in the company, valued at $1,362,859.40. The trade was a 17.63 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Royal Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its stake in shares of Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after buying an additional 83,015 shares during the period. Verition Fund Management LLC grew its stake in Royal Gold by 213.1% in the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock valued at $1,130,000 after acquiring an additional 5,480 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Royal Gold in the third quarter valued at approximately $1,201,000. Cerity Partners LLC increased its holdings in shares of Royal Gold by 114.5% during the third quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock valued at $4,527,000 after acquiring an additional 17,227 shares in the last quarter. Finally, FMR LLC raised its position in shares of Royal Gold by 35.3% during the third quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after purchasing an additional 46,615 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 2.0 %

Shares of RGLD opened at $144.84 on Thursday. The stock has a market cap of $9.52 billion, a PE ratio of 33.22, a PEG ratio of 0.84 and a beta of 0.90. Royal Gold has a 12-month low of $100.55 and a 12-month high of $155.10. The business has a 50-day simple moving average of $139.50 and a two-hundred day simple moving average of $140.69.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue was up 39.8% compared to the same quarter last year. On average, equities research analysts expect that Royal Gold will post 5.16 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.24%. Royal Gold’s dividend payout ratio (DPR) is 41.28%.

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.