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

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $165.43.

RGLD has been the topic of a number of recent analyst reports. Raymond James increased their price objective 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. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group increased their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. TD Securities increased their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Scotiabank increased their target price on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the sale, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the sale, the director now owns 9,268 shares of the company’s stock, valued at $1,362,859.40. This trade represents a 17.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,373 shares of company stock valued at $494,578. Insiders own 0.52% of the company’s stock.

Institutional Trading of Royal Gold

Hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in shares of Royal Gold by 6.3% in the second quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company’s stock valued at $324,000 after purchasing an additional 154 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Royal Gold by 13.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,398 shares of the basic materials company’s stock valued at $676,000 after purchasing an additional 656 shares during the period. Pallas Capital Advisors LLC acquired a new stake in shares of Royal Gold in the second quarter valued at about $427,000. Aaron Wealth Advisors LLC lifted its stake in shares of Royal Gold by 1.8% in the second quarter. Aaron Wealth Advisors LLC now owns 9,756 shares of the basic materials company’s stock valued at $1,221,000 after purchasing an additional 169 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Royal Gold in the second quarter valued at about $323,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Down 0.1 %

Royal Gold stock opened at $148.22 on Wednesday. The firm has a market cap of $9.75 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.89. Royal Gold has a 52-week low of $100.55 and a 52-week high of $155.10. The company’s 50 day moving average is $145.98 and its two-hundred day moving average is $138.02.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same period in the prior year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. On average, equities research analysts anticipate that Royal Gold will post 5.14 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.45 per share. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 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.