Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Royal Gold (RGLD) Share Price
Press coverage about Royal Gold (NASDAQ:RGLD) (TSE:RGL) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Royal Gold earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 45.3178510943655 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ex-Dividend Alert: Royal Gold Raised its Dividend by 4.2%; Will Trade Ex-Dividend on January 04, 2018 (finance.yahoo.com)
- Stock Review for Gold’s Investors — Sandstorm Gold, Golden Star Resources, Sibanye Gold, and Royal Gold – PR Newswire (press release) (prnewswire.com)
- Is Royal Gold Inc (NASDAQ:RGLD) As Financially Strong As Its Balance Sheet Indicates? (finance.yahoo.com)
- Stock Traders Purchase Large Volume of Royal Gold Put Options (RGLD) (americanbankingnews.com)
- Why 2017 Was a Year to Remember for Royal Gold, Inc. (fool.com)
Shares of Royal Gold (RGLD) opened at $83.54 on Thursday. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5,470.00, a PE ratio of 54.25, a P/E/G ratio of 4.66 and a beta of 0.46. Royal Gold has a 12 month low of $61.00 and a 12 month high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The company had revenue of $112.50 million for the quarter, compared to analysts’ expectations of $112.43 million. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. Royal Gold’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. analysts predict that Royal Gold will post 1.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. Royal Gold’s dividend payout ratio (DPR) is presently 62.34%.
RGLD has been the topic of several analyst reports. TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. TD Securities initiated coverage on Royal Gold in a report on Friday, December 8th. They issued a “buy” rating on the stock. Royal Bank of Canada set a $89.00 price objective on Royal Gold and gave the stock a “buy” rating in a report on Monday, October 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $114.00 price objective on shares of Royal Gold in a report on Sunday, October 22nd. Finally, BMO Capital Markets set a $105.00 price objective on Royal Gold and gave the stock a “buy” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $95.95.
In related news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $85.00, for a total value of $127,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.12% of the stock is owned by company insiders.
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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.
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