Royal Gold, Inc. (RGLD) To Go Ex-Dividend on October 2nd

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Tuesday, August 18th. Investors of record on Friday, October 2nd will be given a dividend of 0.475 per share by the basic materials company on Friday, October 16th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 2nd.

Royal Gold has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 25 consecutive years. Royal Gold has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $11.71 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 16.2%.

Royal Gold Stock Up 7.7%

Shares of NASDAQ RGLD opened at $248.14 on Thursday. The firm has a 50-day moving average price of $208.19 and a 200 day moving average price of $236.52. Royal Gold has a 52 week low of $167.28 and a 52 week high of $306.25. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.73 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The firm’s quarterly revenue was up 114.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.81 EPS. Equities research analysts anticipate that Royal Gold will post 10.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RGLD shares. Jefferies Financial Group reduced their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada cut their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Weiss Ratings cut Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Finally, UBS Group increased their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $285.10.

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.