FY2024 EPS Estimates for Royal Gold Raised by Analyst

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Stock analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Royal Gold in a research note issued on Thursday, November 7th. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $5.49 per share for the year, up from their prior forecast of $5.10. The consensus estimate for Royal Gold’s current full-year earnings is $5.07 per share. National Bank Financial also issued estimates for Royal Gold’s FY2025 earnings at $6.18 EPS.

A number of other equities research analysts have also recently weighed in on the company. TD Securities raised their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Scotiabank upped their price target on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Raymond James raised their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Jefferies Financial Group upped their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $165.43.

Royal Gold Trading Down 4.3 %

NASDAQ RGLD opened at $143.53 on Monday. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.24 and a beta of 0.90. Royal Gold has a 1-year low of $100.55 and a 1-year high of $155.10. The company has a 50 day moving average of $143.68 and a 200-day moving average of $135.21.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The business had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. Royal Gold’s dividend payout ratio (DPR) is presently 36.70%.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 4,600 shares of the business’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 transaction of $645,426.00. Following the completion of the transaction, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Randy Shefman sold 4,600 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at $1,042,503.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares of the company’s stock, 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. Over the last quarter, insiders sold 7,355 shares of company stock worth $1,038,155. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RGLD. Price T Rowe Associates Inc. MD grew its position in Royal Gold by 224.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock valued at $74,276,000 after acquiring an additional 422,026 shares during the last quarter. Bank of New York Mellon Corp increased its position in Royal Gold by 34.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after purchasing an additional 212,316 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after purchasing an additional 156,048 shares during the last quarter. AQR Capital Management LLC boosted its position in Royal Gold by 38.4% in the second quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock valued at $60,514,000 after buying an additional 134,120 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Royal Gold during the second quarter worth $15,559,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Company Profile

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.