Brokerages Set Royal Gold, Inc. (NASDAQ:RGLD) Price Target at $165.43

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have received a consensus rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $168.86.

Several brokerages have issued reports on RGLD. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their target price for the company from $154.00 to $178.00 in a research report on Tuesday. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. TD Securities increased their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Raymond James upped their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the firm’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 transaction of $82,350.00. Following the completion of the transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William M. Hayes sold 1,984 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the sale, the director now owns 9,268 shares in the company, valued at $1,362,859.40. The trade was a 17.63 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RGLD. Birch Capital Management LLC increased its stake in Royal Gold by 29.9% during the fourth quarter. Birch Capital Management LLC now owns 1,038 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 239 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Royal Gold during the 4th quarter worth about $264,000. Everence Capital Management Inc. purchased a new position in Royal Gold in the fourth quarter valued at approximately $253,000. GAMMA Investing LLC raised its stake in Royal Gold by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 2,567 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 351 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Royal Gold by 4.0% during the fourth quarter. Confluence Investment Management LLC now owns 4,909 shares of the basic materials company’s stock worth $647,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 2.0 %

Shares of RGLD opened at $136.25 on Friday. The stock has a market cap of $8.96 billion, a P/E ratio of 31.25, a P/E/G ratio of 1.08 and a beta of 0.90. The business’s fifty day moving average is $142.20 and its 200 day moving average is $139.65. Royal Gold has a 12-month low of $100.55 and a 12-month high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same period in the previous year, the business posted $0.76 EPS. The business’s revenue for the quarter was up 39.8% compared to the same quarter last year. On average, analysts expect that Royal Gold will post 5.14 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 41.28%.

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.