Royal Gold (RGLD) Projected to Post Earnings on Wednesday

Royal Gold (NASDAQ:RGLD) (TSE:RGL) is expected to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.46 per share and revenue of $181.35 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $147.07 on Tuesday. Royal Gold has a 52-week low of $100.55 and a 52-week high of $155.10. The firm has a market capitalization of $9.67 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 0.87 and a beta of 0.90. The company’s fifty day moving average price is $139.45 and its two-hundred day moving average price is $140.89.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.22%. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s payout ratio is presently 41.28%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James lifted their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and boosted their price target for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $168.86.

Insider Transactions at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

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.