Royal Gold, Inc. (NASDAQ:RGLD) Given Average Rating of “Moderate Buy” by Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $251.50.

RGLD has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a research report on Sunday, December 7th. Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a report on Wednesday, February 4th. TD Cowen raised their price objective on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Zacks Research downgraded Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th.

Royal Gold Trading Down 0.1%

RGLD opened at $281.69 on Friday. The firm’s 50 day moving average is $271.05 and its 200-day moving average is $221.86. Royal Gold has a 52-week low of $150.75 and a 52-week high of $306.25. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $23.89 billion, a P/E ratio of 41.36, a P/E/G ratio of 1.70 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $360.85 million for the quarter, compared to analyst estimates of $425.47 million. During the same period in the previous year, the business posted $1.63 earnings per share. Royal Gold’s revenue for the quarter was up 85.2% on a year-over-year basis. Analysts expect that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is presently 27.90%.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total transaction of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the transaction, the director directly owned 6,129 shares of the company’s stock, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Royal Gold

Large investors have recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in shares of Royal Gold during the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc acquired a new position in Royal Gold during the 4th quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC bought a new position in Royal Gold during the 3rd quarter worth $29,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold during the 4th quarter worth $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in Royal Gold in the fourth quarter worth $30,000. Institutional investors own 83.65% of the company’s stock.

About Royal Gold

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.