Royal Gold’s (RGLD) Outperform Rating Reaffirmed at Royal Bank Of Canada

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, September 7th.

Other analysts have also issued reports about the stock. BMO Capital Markets reiterated a “buy” rating and set a $95.00 price target on shares of Royal Gold in a research note on Thursday, June 29th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Canaccord Genuity reiterated a “buy” rating and set a $105.00 price target (up from $99.00) on shares of Royal Gold in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and set a $88.00 price target on shares of Royal Gold in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $91.95.

Royal Gold (NASDAQ RGLD) opened at 89.70 on Thursday. The firm’s 50-day moving average is $88.77 and its 200 day moving average is $77.75. Royal Gold has a one year low of $60.21 and a one year high of $94.39. The company has a market capitalization of $5.86 billion, a PE ratio of 57.87 and a beta of 0.63.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $108.72 million. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. On average, equities analysts expect that Royal Gold will post $1.79 EPS for the current fiscal year.

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In related news, VP Bruce Christopher Kirchhoff sold 28,805 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $86.28, for a total value of $2,485,295.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Karli S. Anderson sold 2,262 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $91.45, for a total value of $206,859.90. Following the completion of the transaction, the vice president now directly owns 20,081 shares of the company’s stock, valued at $1,836,407.45. The disclosure for this sale can be found here. Insiders have sold 106,845 shares of company stock worth $9,306,508 over the last 90 days. Insiders own 1.37% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in RGLD. Russell Investments Group Ltd. boosted its holdings in Royal Gold by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 233,974 shares of the basic materials company’s stock valued at $16,390,000 after purchasing an additional 10,754 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Royal Gold by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,975 shares of the basic materials company’s stock valued at $1,609,000 after purchasing an additional 300 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Royal Gold by 99.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,222 shares of the basic materials company’s stock valued at $786,000 after purchasing an additional 5,601 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in Royal Gold by 0.8% in the first quarter. State Treasurer State of Michigan now owns 26,500 shares of the basic materials company’s stock valued at $1,856,000 after purchasing an additional 200 shares in the last quarter. Finally, Tyers Asset Management LLC boosted its holdings in Royal Gold by 6.2% in the first quarter. Tyers Asset Management LLC now owns 2,884 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 168 shares in the last quarter. 70.43% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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