Royal Gold (NASDAQ:RGLD) Releases Quarterly Earnings Results

Royal Gold (NASDAQ:RGLD) (TSE:RGL) released its quarterly earnings results on Wednesday. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02, Briefing.com reports. Royal Gold had a net margin of 22.18% and a return on equity of 4.42%. The company had revenue of $118.77 million for the quarter, compared to analysts’ expectations of $129.47 million. During the same period last year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year.

Shares of RGLD stock traded up $4.27 during trading hours on Thursday, hitting $113.75. 1,306,100 shares of the company were exchanged, compared to its average volume of 503,244. The firm has a market cap of $7.28 billion, a PE ratio of 78.45, a PEG ratio of 4.40 and a beta of 0.10. Royal Gold has a 1 year low of $70.16 and a 1 year high of $138.78. The company has a quick ratio of 4.26, a current ratio of 4.60 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $122.31 and a 200 day moving average of $110.27.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued 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 0.93%. Royal Gold’s payout ratio is currently 73.10%.

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday. BidaskClub cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley cut shares of Royal Gold from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $127.10 to $122.00 in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed a “hold” rating on shares of Royal Gold in a research note on Sunday, August 11th. Finally, CIBC cut shares of Royal Gold from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $111.94.

In other news, VP Bruce Christopher Kirchhoff sold 1,417 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $127.16, for a total transaction of $180,185.72. Following the transaction, the vice president now directly owns 48,826 shares in the company, valued at approximately $6,208,714.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tony A. Jensen sold 46,570 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $124.59, for a total transaction of $5,802,156.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,603 shares of company stock worth $11,107,708. Insiders own 0.52% 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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Earnings History for Royal Gold (NASDAQ:RGLD)

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