Royal Gold, Inc. (NASDAQ:RGLD) Given Consensus Rating of “Hold” by Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $158.86.

RGLD has been the topic of several research analyst reports. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a research report on Wednesday, July 10th. Raymond James lifted their price objective on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research report on Friday, August 9th. Bank of America increased their target price on shares of Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a research report on Wednesday, June 26th. Finally, CIBC lifted their price target on shares of Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the sale, the senior vice president now owns 7,430 shares in the company, valued at $1,042,503.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Randy Shefman sold 4,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now directly owns 7,430 shares in the company, valued at approximately $1,042,503.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $120,481.20. Following 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,355 shares of company stock worth $1,170,315. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale grew its holdings in shares of Royal Gold by 1,800.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock valued at $2,306,000 after purchasing an additional 18,344 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Royal Gold by 151.2% during the 1st quarter. BNP Paribas Financial Markets now owns 24,941 shares of the basic materials company’s stock valued at $3,037,000 after acquiring an additional 15,012 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Royal Gold by 36.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock valued at $6,746,000 after acquiring an additional 14,675 shares during the period. Norden Group LLC bought a new position in Royal Gold during the 1st quarter worth approximately $3,315,000. Finally, Tidal Investments LLC increased its stake in Royal Gold by 165.0% in the 1st quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock worth $1,294,000 after purchasing an additional 6,616 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Price Performance

RGLD opened at $152.51 on Tuesday. Royal Gold has a fifty-two week low of $100.55 and a fifty-two week high of $155.10. The company’s 50-day moving average is $140.54 and its 200 day moving average is $132.38. The firm has a market capitalization of $10.03 billion, a P/E ratio of 41.78, a PEG ratio of 1.28 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. On average, equities research analysts expect that Royal Gold will post 4.89 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, October 4th. Royal Gold’s dividend payout ratio (DPR) is presently 43.84%.

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.