Brokerages Set Royal Gold, Inc (NASDAQ:RGLD) PT at $95.72

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) has been given an average rating of “Hold” by the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $95.28.

RGLD has been the subject of a number of recent research reports. TD Securities increased their price objective on Royal Gold from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, February 26th. BMO Capital Markets cut Royal Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 27th. BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. B. Riley raised Royal Gold from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.00 to $100.00 in a report on Monday, April 1st. Finally, Desjardins cut Royal Gold from a “buy” rating to a “hold” rating in a report on Friday, April 12th.

In other news, CEO Tony A. Jensen sold 38,821 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $92.42, for a total value of $3,587,836.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Bruce Christopher Kirchhoff sold 9,471 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $93.18, for a total value of $882,507.78. Following the completion of the sale, the vice president now directly owns 50,348 shares of the company’s stock, valued at $4,691,426.64. The disclosure for this sale can be found here. Insiders sold a total of 87,423 shares of company stock valued at $8,138,746 over the last three months. Insiders own 0.95% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGLD. Vanguard Group Inc increased its stake in Royal Gold by 1.8% in the 3rd 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 in the last quarter. Janney Montgomery Scott LLC increased its stake in Royal Gold by 4.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,575 shares of the basic materials company’s stock valued at $477,000 after purchasing an additional 250 shares in the last quarter. M&T Bank Corp increased its stake in Royal Gold by 45.3% in the 4th quarter. M&T Bank Corp now owns 4,725 shares of the basic materials company’s stock valued at $405,000 after purchasing an additional 1,472 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Royal Gold by 24.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,822 shares of the basic materials company’s stock valued at $1,526,000 after purchasing an additional 3,555 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Royal Gold by 8,465.0% in the 4th 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 in the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Royal Gold stock traded down $0.46 during mid-day trading on Tuesday, reaching $99.31. 9,875 shares of the company were exchanged, compared to its average volume of 367,763. Royal Gold has a twelve month low of $70.16 and a twelve month high of $101.29. The company has a current ratio of 5.39, a quick ratio of 5.13 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 56.82, a PEG ratio of 6.43 and a beta of 0.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Royal Gold had a return on equity of 4.36% and a net margin of 22.19%. The company had revenue of $109.80 million for the quarter, compared to analyst estimates of $115.32 million. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. Equities analysts predict that Royal Gold will post 1.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a $0.265 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.06 annualized dividend and a dividend yield of 1.07%. Royal Gold’s dividend payout ratio is currently 60.23%.

About Royal Gold

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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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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