Royal Gold, Inc. (NASDAQ:RGLD) Receives $273.64 Consensus PT from Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $273.6364.

Several research analysts have weighed in on RGLD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. National Bank Financial lowered their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th.

Royal Gold Trading Up 2.6%

Shares of RGLD stock opened at $225.95 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The firm has a market cap of $19.18 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.78 and a beta of 0.43. The company has a 50-day moving average of $243.93 and a two-hundred day moving average of $243.18. Royal Gold has a 1-year low of $150.75 and a 1-year high of $306.25.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.

Insider Activity

In related news, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president owned 20,140 shares of the company’s stock, valued at $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the sale, the senior vice president directly owned 9,082 shares in the company, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,400 shares of company stock valued at $1,214,618. 0.35% of the stock is currently owned by company insiders.

Institutional Trading of Royal Gold

Several hedge funds have recently added to or reduced their stakes in RGLD. Van ECK Associates Corp raised its holdings in Royal Gold by 104.1% in the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock valued at $1,001,885,000 after acquiring an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Royal Gold by 25.0% in the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after acquiring an additional 1,681,577 shares during the period. Capital International Investors acquired a new position in shares of Royal Gold in the 4th quarter valued at $332,026,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Royal Gold by 89.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock valued at $412,543,000 after acquiring an additional 874,329 shares during the period. Finally, Nuveen LLC increased its holdings in shares of Royal Gold by 457.5% in the 4th quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock valued at $205,820,000 after acquiring an additional 759,810 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.