Wall Street analysts expect Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) to announce $0.43 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Royal Gold’s earnings, with estimates ranging from $0.42 to $0.43. Royal Gold reported earnings per share of $0.48 in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.4%. The company is scheduled to announce its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Royal Gold will report full year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.47 to $1.68. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $1.74 to $1.92. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Royal Gold.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $97.60 million during the quarter, compared to analyst estimates of $100.80 million. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS.

RGLD has been the subject of several research analyst reports. TD Securities raised their price target on shares of Royal Gold from $94.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Raymond James restated an “outperform” rating and set a $95.00 price target on shares of Royal Gold in a research note on Friday, February 8th. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating and set a $96.00 price target for the company in a research note on Tuesday, January 15th. Finally, ValuEngine upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $94.83.

Several hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its stake in Royal Gold by 8,465.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock valued at $26,000 after buying an additional 2,184,139 shares in the last quarter. JOYN Advisors Inc. grew its stake in Royal Gold by 105.4% in the 4th quarter. JOYN Advisors Inc. now owns 341 shares of the basic materials company’s stock valued at $29,000 after buying an additional 175 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in Royal Gold in the 4th quarter valued at approximately $51,000. Essex Investment Management Co. LLC purchased a new position in Royal Gold in the 4th quarter valued at approximately $94,000. Finally, Captrust Financial Advisors grew its stake in Royal Gold by 216.0% in the 4th quarter. Captrust Financial Advisors now owns 1,106 shares of the basic materials company’s stock valued at $95,000 after buying an additional 756 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

NASDAQ:RGLD traded up $0.46 on Friday, hitting $90.65. The stock had a trading volume of 733,196 shares, compared to its average volume of 487,673. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.27 and a current ratio of 5.48. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 51.51, a price-to-earnings-growth ratio of 5.81 and a beta of 0.14. Royal Gold has a 1 year low of $70.16 and a 1 year high of $98.53.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.265 per share. The ex-dividend date is Thursday, April 4th. This represents a $1.06 annualized dividend and a dividend yield of 1.17%. Royal Gold’s payout ratio is currently 60.23%.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related 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, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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