Analysts Set Royal Gold, Inc. (NASDAQ:RGLD) Price Target at $153.86

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $155.71.

A number of brokerages recently commented on RGLD. Cibc World Mkts raised Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research note on Friday. Bank of America lifted their price objective on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 26th. Scotiabank lifted their price objective on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group lifted their price objective on Royal Gold from $130.00 to $141.00 and gave the stock a “hold” rating in a research note on Friday, July 12th.

Royal Gold Trading Up 3.0 %

Shares of RGLD opened at $133.47 on Thursday. The stock has a fifty day moving average price of $130.10 and a two-hundred day moving average price of $122.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.35 and a current ratio of 2.50. Royal Gold has a 52-week low of $100.55 and a 52-week high of $141.05. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 1.04 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The company had revenue of $174.10 million during the quarter, compared to analysts’ expectations of $172.12 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. Analysts predict that Royal Gold will post 4.69 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a $0.40 dividend. The ex-dividend date was Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. Royal Gold’s dividend payout ratio (DPR) is 47.20%.

Insider Activity

In other news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total value of $196,095.00. Following the sale, the senior vice president now directly owns 14,840 shares in the company, valued at $1,940,033.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Royal Gold

A number of institutional investors have recently bought and sold shares of RGLD. International Assets Investment Management LLC increased its position in Royal Gold by 12,032.4% during the fourth quarter. International Assets Investment Management LLC now owns 183,685 shares of the basic materials company’s stock worth $22,219,000 after buying an additional 182,171 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Royal Gold by 5.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 29,855 shares of the basic materials company’s stock worth $3,611,000 after buying an additional 1,600 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Gold during the fourth quarter worth approximately $31,000. Cerity Partners LLC increased its position in Royal Gold by 9.4% during the fourth quarter. Cerity Partners LLC now owns 6,984 shares of the basic materials company’s stock worth $845,000 after buying an additional 603 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in Royal Gold during the fourth quarter worth approximately $350,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

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.