Somewhat Positive News Coverage Likely to Affect Royal Gold (NASDAQ:RGLD) Share Price

Media coverage about Royal Gold (NASDAQ:RGLD) (TSE:RGL) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Royal Gold earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 72 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

A number of analysts recently issued reports on the company. National Bank Financial downgraded Royal Gold from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $80.00 to $82.50 in a research report on Thursday, April 20th. BMO Capital Markets restated a “buy” rating and set a $95.00 price objective on shares of Royal Gold in a report on Thursday, June 29th. Barclays PLC restated an “overweight” rating and set a $83.00 price objective (up previously from $82.00) on shares of Royal Gold in a report on Saturday, April 22nd. Zacks Investment Research cut Royal Gold from a “hold” rating to a “sell” rating in a research note on Thursday, April 6th. Finally, BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $89.41.

Shares of Royal Gold (NASDAQ:RGLD) traded down 0.35% during trading on Friday, reaching $77.06. 584,013 shares of the company were exchanged. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 49.24 and a beta of 0.66. Royal Gold has a 1-year low of $60.21 and a 1-year high of $87.74. The stock’s 50 day moving average is $78.18 and its 200 day moving average is $70.77.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, May 10th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by $0.02. Royal Gold had a net margin of 23.93% and a return on equity of 4.22%. The business had revenue of $107 million for the quarter, compared to analyst estimates of $105.14 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. Equities analysts anticipate that Royal Gold will post $1.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 7th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, July 5th. Royal Gold’s payout ratio is 61.15%.

In other news, CFO Stefan Wenger sold 500 shares of Royal Gold stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $75.00, for a total transaction of $37,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total transaction of $2,000,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,500 shares of company stock valued at $2,733,595. Company insiders own 1.37% 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.

Insider Buying and Selling by Quarter for Royal Gold (NASDAQ:RGLD)

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