Royal Gold (RGLD) Given a $105.00 Price Target at BMO Capital Markets

Royal Gold (NASDAQ:RGLD) (TSE:RGL) has been given a $105.00 price target by equities researchers at BMO Capital Markets in a report released on Tuesday, November 14th. The firm currently has a “buy” rating on the basic materials company’s stock. BMO Capital Markets’ price target indicates a potential upside of 26.72% from the stock’s previous close.

RGLD has been the subject of a number of other research reports. B. Riley reaffirmed a “neutral” rating on shares of Royal Gold in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. National Bank Financial lifted their price objective on shares of Royal Gold from $82.50 to $92.50 and gave the company a “sector perform” rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Royal Gold in a report on Thursday, September 7th. Finally, FBR & Co lifted their price objective on shares of Royal Gold from $81.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $95.61.

Shares of Royal Gold (RGLD) traded up $0.14 during trading on Tuesday, hitting $82.86. 448,269 shares of the company traded hands, compared to its average volume of 373,437. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23. Royal Gold has a 12-month low of $60.21 and a 12-month high of $94.39. The stock has a market capitalization of $5,423.52, a PE ratio of 56.37, a PEG ratio of 4.70 and a beta of 0.47.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The firm had revenue of $112.50 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. analysts predict that Royal Gold will post 1.76 earnings per share for the current fiscal year.

In other news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $85.88, for a total value of $128,820.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.12% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in RGLD. Arcadia Investment Management Corp MI acquired a new stake in shares of Royal Gold in the second quarter valued at about $104,000. Mountain Capital Investment Advisors Inc acquired a new position in Royal Gold during the second quarter worth about $109,000. Almanack Investment Partners LLC. acquired a new position in Royal Gold during the second quarter worth about $109,000. MUFG Americas Holdings Corp acquired a new position in Royal Gold during the second quarter worth about $117,000. Finally, KBC Group NV acquired a new position in Royal Gold during the second quarter worth about $142,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

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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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