BMO Capital Markets Trims Royal Gold (NASDAQ:RGLD) Target Price to $162.00

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its target price lowered by BMO Capital Markets from $163.00 to $162.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ target price indicates a potential upside of 33.36% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. Jefferies Financial Group began coverage on shares of Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 target price on the stock. Finally, National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and an average price target of $143.75.

Royal Gold Trading Up 0.5 %

RGLD stock traded up $0.63 on Thursday, hitting $121.48. 65,332 shares of the company were exchanged, compared to its average volume of 428,757. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 6.87 and a beta of 0.88. The business’s fifty day moving average is $115.89 and its two-hundred day moving average is $115.26. Royal Gold has a twelve month low of $100.55 and a twelve month high of $147.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The firm had revenue of $152.70 million for the quarter, compared to analysts’ expectations of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, research analysts forecast that Royal Gold will post 4.36 earnings per share for the current year.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the sale, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at $1,370,351. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rakuten Securities Inc. bought a new stake in shares of Royal Gold during the 4th quarter valued at about $27,000. Larson Financial Group LLC boosted its position in Royal Gold by 526.3% during the 4th quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Royal Gold during the 4th quarter worth $31,000. BKM Wealth Management LLC acquired a new stake in Royal Gold in the fourth quarter worth $36,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Royal Gold during the first quarter valued at $36,000. 83.65% of the stock is currently owned by institutional investors.

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.