Barclays downgraded shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from an equal weight rating to an underweight rating in a report released on Tuesday, BenzingaRatingsTable reports. Barclays currently has $105.00 price objective on the basic materials company’s stock, up from their prior price objective of $88.00.

RGLD has been the topic of a number of other reports. Raymond James set a $60.00 price target on Banner and gave the company a buy rating in a research note on Friday, May 3rd. Royal Bank of Canada lifted their price target on NVIDIA to $200.00 and gave the company an outperform rating in a research note on Monday, May 13th. BMO Capital Markets reissued an outperform rating and set a C$11.00 price target on shares of Automotive Properties Real Est Invt TR in a research note on Wednesday, March 27th. Zacks Investment Research raised Global Ship Lease from a hold rating to a strong-buy rating and set a $7.75 price target on the stock in a research note on Monday, June 3rd. Finally, Canaccord Genuity set a $52.00 price target on Zillow Group and gave the company a hold rating in a research note on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $102.35.

NASDAQ:RGLD opened at $117.79 on Tuesday. The company has a 50-day simple moving average of $100.41. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 81.60, a PEG ratio of 5.46 and a beta of 0.21. The company has a quick ratio of 5.13, a current ratio of 5.39 and a debt-to-equity ratio of 0.17. Royal Gold has a twelve month low of $70.16 and a twelve month high of $118.50.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Royal Gold had a net margin of 22.19% and a return on equity of 4.36%. The firm had revenue of $109.80 million for the quarter, compared to analyst estimates of $115.32 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Gold will post 1.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.90%. Royal Gold’s dividend payout ratio (DPR) is 60.23%.

In other news, CEO Tony A. Jensen sold 31,936 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $93.62, for a total transaction of $2,989,848.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony A. Jensen sold 38,821 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $92.42, for a total value of $3,587,836.82. The disclosure for this sale can be found here. Insiders have sold 87,423 shares of company stock valued at $8,138,746 over the last 90 days. 0.95% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cordasco Financial Network raised its position in shares of Royal Gold by 72.4% during the first quarter. Cordasco Financial Network now owns 293 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 123 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Royal Gold by 375.0% in the second quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 375 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Royal Gold by 762.8% in the first quarter. Quadrant Capital Group LLC now owns 811 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 717 shares in the last quarter. Versant Capital Management Inc increased its holdings in Royal Gold by 18.6% in the first quarter. Versant Capital Management Inc now owns 848 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 133 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in Royal Gold in the first quarter worth approximately $96,000. Institutional investors own 79.23% of the company’s stock.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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