Media coverage about Royal Gold (NASDAQ:RGLD) (TSE:RGL) has been trending somewhat positive this week, according to AlphaOne Sentiment Analysis. The research group, a unit of Accern, ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Royal Gold earned a media sentiment score of 0.15 on AlphaOne’s scale. AlphaOne also assigned news coverage 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 stock’s share price in the next several days.
Here are some of the news articles that may have impacted Alpha One Sentiment’s rankings:
- Royal Gold, Inc (USA) (NASDAQ:RGLD) has analysts on the Bullish side this week. – Weekly Register (weeklyregister.com)
- Royal Gold, Inc. breached its 50 day moving average in a Bearish Manner : RGLD-US : June 19, 2017 (finance.yahoo.com)
- CIBC Boosts Rating On Royal Gold, Inc. (RGLD) To “Sector Outperform” (highlightpress.com)
- Royal Gold, Inc. :RGLD-US: Earnings Analysis: Q3, 2017 By the Numbers : June 16, 2017 (finance.yahoo.com)
- Gold Stock Mining For New Breakout, But This Key Indicator Lags (finance.yahoo.com)
Royal Gold (NASDAQ RGLD) traded up 0.41% on Monday, hitting $75.34. The stock had a trading volume of 399,579 shares. Royal Gold has a 1-year low of $60.21 and a 1-year high of $87.74. The company has a market cap of $4.92 billion, a P/E ratio of 48.14 and a beta of 0.73. The stock has a 50 day moving average price of $76.28 and a 200 day moving average price of $70.28.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.02. The company had revenue of $107 million during the quarter, compared to analysts’ expectations of $105.14 million. Royal Gold had a return on equity of 4.22% and a net margin of 23.93%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. On average, equities research analysts expect that Royal Gold will post $1.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. Royal Gold’s payout ratio is currently 61.15%.
Several equities research analysts recently commented on RGLD shares. National Bank Financial cut Royal Gold from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $80.00 to $82.50 in a research note on Thursday, April 20th. Barclays PLC reiterated an “overweight” rating and issued a $83.00 price target (up previously from $82.00) on shares of Royal Gold in a report on Saturday, April 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $88.00 price target on shares of Royal Gold in a report on Friday, March 31st. Zacks Investment Research upgraded Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, FBR & Co increased their price target on Royal Gold from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $89.13.
In related news, CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total value of $2,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Stefan Wenger sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $75.00, for a total value of $37,500.00. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock worth $2,758,220 in the last 90 days. 1.37% of the stock is currently owned by company insiders.
About Royal Gold
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.
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