Royal Gold, Inc. (NASDAQ:RGLD) Announces Quarterly Dividend of $0.47

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Tuesday, August 18th. Investors of record on Friday, October 2nd will be given a dividend of 0.475 per share by the basic materials company on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, October 2nd.

Royal Gold has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 25 years. Royal Gold has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Royal Gold to earn $11.71 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 16.2%.

Royal Gold Trading Down 2.6%

Shares of Royal Gold stock opened at $230.43 on Wednesday. The firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.74 and a beta of 0.44. Royal Gold has a fifty-two week low of $166.51 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The stock has a 50 day moving average of $207.17 and a 200 day moving average of $236.83.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The company had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. During the same quarter last year, the firm earned $1.81 earnings per share. The firm’s quarterly revenue was up 114.9% compared to the same quarter last year. As a group, research analysts predict that Royal Gold will post 10.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a research report on Tuesday, July 14th. UBS Group increased their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings cut shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Hold” and a consensus price target of $285.10.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.