Raymond James Brokers Lift Earnings Estimates for Royal Gold

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Equities researchers at Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of Royal Gold in a research report issued to clients and investors on Sunday, November 10th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $5.05 per share for the year, up from their prior forecast of $4.83. Raymond James has a “Outperform” rating and a $186.00 price objective on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $5.13 per share. Raymond James also issued estimates for Royal Gold’s Q4 2024 earnings at $1.42 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.46 EPS and FY2025 earnings at $5.80 EPS.

RGLD has been the topic of several other research reports. TD Securities boosted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their target price on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank raised their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Finally, StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $165.43.

Royal Gold Trading Down 1.2 %

Shares of NASDAQ RGLD opened at $139.69 on Tuesday. The firm has a fifty day simple moving average of $143.86 and a two-hundred day simple moving average of $135.36. Royal Gold has a 12 month low of $100.55 and a 12 month high of $155.10. The firm has a market capitalization of $9.19 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90.

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

Hedge Funds Weigh In On Royal Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in Royal Gold by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company’s stock valued at $748,000 after acquiring an additional 122 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Royal Gold by 51.7% during the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 123 shares during the period. Private Advisor Group LLC increased its position in shares of Royal Gold by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company’s stock valued at $712,000 after purchasing an additional 141 shares during the last quarter. UMB Bank n.a. increased its position in shares of Royal Gold by 15.4% during the 3rd quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 153 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Royal Gold by 6.3% in the 2nd quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company’s stock worth $324,000 after purchasing an additional 154 shares during the period. Institutional investors own 83.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director William M. Hayes sold 1,984 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the sale, the director now directly owns 9,268 shares of the company’s stock, valued at approximately $1,362,859.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director William M. Hayes sold 1,984 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the transaction, the director now directly owns 9,268 shares of the company’s stock, valued at approximately $1,362,859.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the sale, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at approximately $1,042,503.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,339 shares of company stock valued at $1,329,902. 0.52% of the stock is currently owned by corporate insiders.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, October 4th. Royal Gold’s payout ratio is 36.70%.

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.