Shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) have earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $113.64.
Several research analysts have issued reports on the company. Royal Bank of Canada restated a “hold” rating on shares of Royal Gold in a research report on Sunday, August 11th. BidaskClub lowered Royal Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. CIBC lowered Royal Gold from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, August 1st. ValuEngine lowered Royal Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Barclays lowered Royal Gold from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $88.00 to $105.00 in a research report on Tuesday, July 16th.
Shares of Royal Gold stock opened at $121.86 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.26 and a current ratio of 4.60. The stock’s fifty day moving average is $127.17 and its 200 day moving average is $107.80. The stock has a market cap of $7.90 billion, a P/E ratio of 84.04, a P/E/G ratio of 4.52 and a beta of 0.08. Royal Gold has a one year low of $70.16 and a one year high of $138.78.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.06 annualized dividend and a dividend yield of 0.87%. Royal Gold’s dividend payout ratio (DPR) is presently 73.10%.
In related news, VP Bruce Christopher Kirchhoff sold 1,417 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $127.16, for a total value of $180,185.72. Following the completion of the sale, the vice president now owns 48,826 shares in the company, valued at $6,208,714.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony A. Jensen sold 46,570 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $124.59, for a total value of $5,802,156.30. The disclosure for this sale can be found here. Insiders have sold 87,603 shares of company stock valued at $11,107,708 in the last 90 days. Company insiders own 0.52% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC raised its stake in Royal Gold by 100.0% in the third quarter. Truvestments Capital LLC now owns 240 shares of the basic materials company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. CENTRAL TRUST Co raised its stake in Royal Gold by 375.0% in the second quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock worth $51,000 after buying an additional 375 shares in the last quarter. WealthStone Inc. bought a new position in Royal Gold in the second quarter worth approximately $63,000. NumerixS Investment Technologies Inc bought a new position in Royal Gold in the second quarter worth approximately $64,000. Finally, Sandy Spring Bank raised its stake in Royal Gold by 375.7% in the second quarter. Sandy Spring Bank now owns 1,037 shares of the basic materials company’s stock worth $106,000 after buying an additional 819 shares in the last quarter. Hedge funds and other institutional investors own 78.20% of the company’s stock.
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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