Investment analysts at TD Securities initiated coverage on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a report released on Friday. The brokerage set a “buy” rating on the basic materials company’s stock.

A number of other brokerages have also weighed in on RGLD. BMO Capital Markets reiterated a “buy” rating and set a $95.00 target price on shares of Royal Gold in a research report on Wednesday, September 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Royal Gold in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. B. Riley reiterated a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. Finally, TheStreet upgraded shares of Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $96.28.

Shares of Royal Gold (NASDAQ RGLD) opened at $83.15 on Friday. Royal Gold has a 1-year low of $60.21 and a 1-year high of $94.39. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23. The stock has a market cap of $5,353.50, a PE ratio of 55.64, a P/E/G ratio of 4.64 and a beta of 0.46.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The firm had revenue of $112.50 million during the quarter, compared to analyst estimates of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. analysts forecast that Royal Gold will post 1.76 EPS for the current fiscal year.

In other news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in RGLD. Capital World Investors boosted its position in shares of Royal Gold by 25.7% in the second quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock valued at $325,031,000 after acquiring an additional 849,900 shares during the period. KBC Group NV boosted its position in shares of Royal Gold by 5,094.1% in the third quarter. KBC Group NV now owns 94,480 shares of the basic materials company’s stock valued at $8,129,000 after acquiring an additional 92,661 shares during the period. Capital Research Global Investors boosted its position in shares of Royal Gold by 131.8% in the second quarter. Capital Research Global Investors now owns 154,000 shares of the basic materials company’s stock valued at $12,038,000 after acquiring an additional 87,567 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Royal Gold by 2.2% in the second quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock valued at $271,989,000 after acquiring an additional 73,384 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Royal Gold by 1.3% in the second quarter. Vanguard Group Inc. now owns 5,851,247 shares of the basic materials company’s stock valued at $457,392,000 after acquiring an additional 73,112 shares during the period. Institutional investors own 72.04% of the company’s stock.

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Royal Gold Company Profile

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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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