Analysts Set Royal Gold, Inc. (NASDAQ:RGLD) PT at $168.86

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $168.86.

A number of research firms recently issued reports on RGLD. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and boosted their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. TD Securities boosted their price objective on Royal Gold from $181.00 to $185.00 and gave the company 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 Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction on Monday, December 9th. The stock was 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 directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after acquiring an additional 83,015 shares in the last quarter. Verition Fund Management LLC raised its position in shares of Royal Gold by 213.1% in the 3rd quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock worth $1,130,000 after acquiring an additional 5,480 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Royal Gold in the 3rd quarter worth $1,201,000. Cerity Partners LLC increased its position in Royal Gold by 114.5% during the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock valued at $4,527,000 after buying an additional 17,227 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in Royal Gold during the 4th quarter valued at about $455,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 1.4 %

RGLD opened at $147.00 on Monday. The business has a fifty day moving average of $140.29 and a 200 day moving average of $142.22. Royal Gold has a 52-week low of $101.94 and a 52-week high of $155.64. The stock has a market cap of $9.67 billion, a P/E ratio of 29.17, a PEG ratio of 3.42 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Equities analysts anticipate that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s payout ratio is 35.71%.

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.