Royal Gold (NASDAQ:RGLD) (TSE:RGL) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other research firms have also commented on RGLD. BMO Capital Markets set a $102.00 price objective on Royal Gold and gave the company a “buy” rating in a research report on Wednesday, March 28th. UBS raised Royal Gold from a “market perform” rating to an “outperform” rating in a research report on Wednesday, March 14th. Canaccord Genuity raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Raymond James cut their price objective on Royal Gold from $93.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, February 26th. Finally, ValuEngine raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Royal Gold has a consensus rating of “Hold” and an average price target of $96.46.

Shares of Royal Gold stock opened at $88.25 on Thursday. Royal Gold has a twelve month low of $87.67 and a twelve month high of $88.70. The firm has a market capitalization of $5.83 billion, a P/E ratio of 56.94, a PEG ratio of 5.06 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.20 and a current ratio of 3.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Thursday, May 3rd. The basic materials company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Royal Gold had a positive return on equity of 4.73% and a negative net margin of 26.51%. The firm had revenue of $116.00 million for the quarter, compared to analysts’ expectations of $111.66 million. During the same quarter last year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts predict that Royal Gold will post 1.76 EPS for the current year.

In other news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 4,500 shares of company stock worth $388,650. Corporate insiders own 1.12% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in shares of Royal Gold during the first quarter worth about $6,213,000. Kovack Advisors Inc. increased its position in shares of Royal Gold by 13.3% during the first quarter. Kovack Advisors Inc. now owns 5,100 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 600 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Royal Gold by 19.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,630 shares of the basic materials company’s stock worth $741,000 after acquiring an additional 1,389 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of Royal Gold during the first quarter worth about $264,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Royal Gold during the first quarter worth about $507,000. 77.59% of the stock is currently owned by institutional investors and hedge funds.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar 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. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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