Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price objective upped by research analysts at National Bank Financial from $100.00 to $102.50 in a research report issued on Friday. The firm currently has a “sector perform” rating on the basic materials company’s stock. National Bank Financial’s target price indicates a potential upside of 28.53% from the company’s current price.

Several other brokerages have also recently issued reports on RGLD. Zacks Investment Research upgraded Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. B. Riley reiterated a “neutral” rating on shares of Royal Gold in a research note on Wednesday, November 1st. BidaskClub upgraded Royal Gold from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada set a $89.00 price target on Royal Gold and gave the company a “buy” rating in a research note on Monday, October 23rd. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $95.46.

Shares of Royal Gold (RGLD) traded down $2.38 during trading hours on Friday, hitting $79.75. The stock had a trading volume of 392,590 shares, compared to its average volume of 637,762. Royal Gold has a 12 month low of $61.00 and a 12 month high of $94.39. The company has a market capitalization of $5,281.51, a PE ratio of 89.90, a PEG ratio of 4.68 and a beta of 0.61. 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 (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $114.35 million for the quarter, compared to the consensus estimate of $114.79 million. Royal Gold had a return on equity of 4.30% and a net margin of 13.00%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. analysts forecast that Royal Gold will post 1.73 earnings per share for the current year.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 4,500 shares of company stock valued at $387,750. Company insiders own 1.12% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC raised its position in Royal Gold by 1.7% during the third quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock valued at $304,409,000 after purchasing an additional 58,541 shares in the last quarter. St. James Investment Company LLC increased its holdings in shares of Royal Gold by 1.4% during the third quarter. St. James Investment Company LLC now owns 889,365 shares of the basic materials company’s stock worth $76,521,000 after buying an additional 12,458 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Royal Gold by 2.2% during the fourth quarter. Gabelli Funds LLC now owns 684,700 shares of the basic materials company’s stock worth $56,228,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Royal Gold by 6.0% during the third quarter. Dimensional Fund Advisors LP now owns 684,332 shares of the basic materials company’s stock worth $58,882,000 after buying an additional 38,500 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Royal Gold by 1.3% during the third quarter. Principal Financial Group Inc. now owns 298,458 shares of the basic materials company’s stock worth $25,679,000 after buying an additional 3,806 shares in the last quarter. Institutional investors and hedge funds own 71.96% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “National Bank Financial Boosts Royal Gold (RGLD) Price Target to $102.50” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/national-bank-financial-boosts-royal-gold-rgld-price-target-to-102-50/1855206.html.

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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.