ValuEngine cut shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from a hold rating to a sell rating in a report issued on Friday morning.

Other research analysts have also issued research reports about the company. Desjardins reiterated a buy rating and issued a $100.00 price target on shares of Royal Gold in a report on Wednesday, July 18th. Zacks Investment Research lowered Royal Gold from a buy rating to a hold rating in a report on Tuesday, July 10th. Scotiabank set a $88.00 price target on Royal Gold and gave the stock a hold rating in a report on Thursday, August 9th. BidaskClub lowered Royal Gold from a hold rating to a sell rating in a report on Thursday, July 12th. Finally, Raymond James increased their price target on Royal Gold from $98.00 to $99.00 and gave the stock an outperform rating in a report on Friday, May 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Royal Gold currently has an average rating of Hold and a consensus target price of $98.95.

Shares of NASDAQ:RGLD opened at $77.65 on Friday. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 4.14 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.27 and a current ratio of 2.45. Royal Gold has a 52-week low of $76.02 and a 52-week high of $98.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $116.20 million for the quarter, compared to analyst estimates of $115.57 million. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. equities research analysts anticipate that Royal Gold will post 2 earnings per share for the current year.

In other news, VP William Holmes Heissenbuttel sold 6,480 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $91.91, for a total value of $595,576.80. Following the transaction, the vice president now owns 80,032 shares in the company, valued at $7,355,741.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony A. Jensen sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $95.11, for a total value of $1,902,200.00. The disclosure for this sale can be found here. Insiders sold 44,236 shares of company stock worth $4,120,565 in the last 90 days. Corporate insiders own 1.12% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan lifted its holdings in Royal Gold by 2.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 20,340 shares of the basic materials company’s stock worth $1,747,000 after acquiring an additional 580 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Royal Gold by 4.1% during the first quarter. Thrivent Financial for Lutherans now owns 14,835 shares of the basic materials company’s stock worth $1,274,000 after acquiring an additional 589 shares during the period. Kovack Advisors Inc. lifted its holdings in 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 period. Amalgamated Bank lifted its holdings in Royal Gold by 4.4% during the second quarter. Amalgamated Bank now owns 14,205 shares of the basic materials company’s stock worth $1,319,000 after acquiring an additional 600 shares during the period. Finally, Belpointe Asset Management LLC lifted its holdings in Royal Gold by 14.6% during the second quarter. Belpointe Asset Management LLC now owns 4,738 shares of the basic materials company’s stock worth $440,000 after acquiring an additional 605 shares during the period. Institutional investors and hedge funds own 74.84% of the company’s stock.

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.

See Also: Price to Earnings Ratio (PE) Basics

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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