Royal Gold, Inc (RGLD) Expected to Post FY2019 Earnings of $1.52 Per Share

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Equities research analysts at National Bank Financial reduced their FY2019 earnings estimates for shares of Royal Gold in a research report issued on Wednesday, May 1st, Zacks Investment Research reports. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $1.52 per share for the year, down from their previous forecast of $1.68. National Bank Financial also issued estimates for Royal Gold’s FY2020 earnings at $1.77 EPS and FY2021 earnings at $1.85 EPS.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $109.80 million for the quarter, compared to analyst estimates of $115.32 million. Royal Gold had a return on equity of 4.36% and a net margin of 22.19%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share.

Several other brokerages have also commented on RGLD. BMO Capital Markets lowered Royal Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Desjardins lowered Royal Gold from a “buy” rating to a “hold” rating in a report on Friday, April 12th. B. Riley raised Royal Gold from a “neutral” rating to a “buy” rating and raised their price objective for the company from $86.00 to $100.00 in a report on Monday, April 1st. BidaskClub lowered Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Finally, TD Securities raised their price objective on Royal Gold from $94.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $95.75.

Royal Gold stock traded up $1.00 during midday trading on Monday, hitting $85.56. 247,289 shares of the company were exchanged, compared to its average volume of 423,250. The company has a quick ratio of 5.13, a current ratio of 5.39 and a debt-to-equity ratio of 0.17. Royal Gold has a fifty-two week low of $70.16 and a fifty-two week high of $98.53. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 48.61, a price-to-earnings-growth ratio of 5.58 and a beta of 0.11.

A number of institutional investors have recently made changes to their positions in RGLD. Vanguard Group Inc. raised its position in Royal Gold by 1.8% in the third quarter. Vanguard Group Inc. now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after purchasing an additional 113,273 shares during the period. Vanguard Group Inc raised its position in Royal Gold by 1.8% in the third quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after purchasing an additional 113,273 shares during the period. Van ECK Associates Corp raised its position in Royal Gold by 20.9% in the fourth quarter. Van ECK Associates Corp now owns 4,811,625 shares of the basic materials company’s stock valued at $412,116,000 after purchasing an additional 831,019 shares during the period. Oregon Public Employees Retirement Fund raised its position in Royal Gold by 8,465.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 2,184,139 shares during the period. Finally, Norges Bank purchased a new stake in Royal Gold in the fourth quarter valued at $82,113,000. Hedge funds and other institutional investors own 79.89% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 1.24%. Royal Gold’s payout ratio is 60.23%.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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