FY2027 Earnings Estimate for Royal Gold Issued By Scotiabank

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Scotiabank issued their FY2027 earnings per share estimates for shares of Royal Gold in a note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek anticipates that the basic materials company will post earnings of $12.05 per share for the year. Scotiabank has a “Sector Perform” rating and a $310.00 price target on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $10.08 per share.

RGLD has been the topic of several other research reports. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Jefferies Financial Group reduced their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. UBS Group lowered their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada dropped their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and a consensus price target of $280.27.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $191.18 on Friday. The firm has a market capitalization of $16.23 billion, a PE ratio of 22.79, a P/E/G ratio of 1.36 and a beta of 0.44. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $213.06 and a two-hundred day moving average price of $244.06. Royal Gold has a twelve month low of $150.75 and a twelve month high of $306.25.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio is presently 22.65%.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Royal Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in shares of Royal Gold by 99.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after acquiring an additional 84,206 shares during the last quarter. Focus Partners Wealth increased its position in shares of Royal Gold by 51.5% in the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after purchasing an additional 2,876 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Royal Gold by 28.9% in the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 796 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Royal Gold by 43.0% in the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after purchasing an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Royal Gold by 4.6% in the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after purchasing an additional 1,072 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Company Profile

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.