Several brokerages have updated their recommendations and price targets on shares of Royal Gold (NASDAQ: RGLD) in the last few weeks:

  • 8/10/2017 – Royal Gold had its price target raised by analysts at National Bank Financial from $82.50 to $92.50. They now have a “sector perform” rating on the stock.
  • 8/10/2017 – Royal Gold had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $105.00 price target on the stock, up previously from $99.00.
  • 8/9/2017 – Royal Gold was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies. “
  • 7/25/2017 – Royal Gold was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/18/2017 – Royal Gold was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies. “
  • 7/12/2017 – Royal Gold was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies. “
  • 7/12/2017 – Royal Gold was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating.
  • 7/8/2017 – Royal Gold was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/5/2017 – Royal Gold was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies. “
  • 6/29/2017 – Royal Gold had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $95.00 price target on the stock.
  • 6/21/2017 – Royal Gold was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies. “
  • 6/15/2017 – Royal Gold had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $88.00 price target on the stock.

Royal Gold, Inc. (NASDAQ RGLD) opened at 86.74 on Friday. The company’s 50-day moving average price is $81.86 and its 200-day moving average price is $74.29. Royal Gold, Inc. has a 12-month low of $60.21 and a 12-month high of $88.03. The stock has a market cap of $5.67 billion, a PE ratio of 55.42 and a beta of 0.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.02. The business had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. Royal Gold had a return on equity of 4.22% and a net margin of 23.93%. Royal Gold’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. On average, equities analysts expect that Royal Gold, Inc. will post $1.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.96 annualized dividend and a yield of 1.11%. Royal Gold’s dividend payout ratio (DPR) is 61.15%.

In other news, CEO Tony A. Jensen sold 25,000 shares of Royal Gold stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total value of $2,125,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stefan Wenger sold 2,500 shares of Royal Gold stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $80.00, for a total value of $200,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,629 shares of company stock valued at $4,736,660. 1.37% of the stock is owned by insiders.

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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