Cantor Fitzgerald started coverage on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a research note issued to investors on Thursday, January 4th, MarketBeat.com reports. The firm set a “buy” rating and a $105.00 price target on the basic materials company’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 23.94% from the stock’s current price.
Several other research analysts also recently commented on RGLD. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Royal Gold in a report on Wednesday, September 6th. Royal Bank of Canada reissued an “outperform” rating on shares of Royal Gold in a report on Thursday, September 7th. Canaccord Genuity reissued a “buy” rating and issued a $113.00 price target on shares of Royal Gold in a report on Sunday, October 1st. Zacks Investment Research raised shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, B. Riley reissued a “neutral” rating on shares of Royal Gold in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $96.71.
Shares of Royal Gold (NASDAQ RGLD) traded up $0.76 during mid-day trading on Thursday, hitting $84.72. 288,300 shares of the stock traded hands, compared to its average volume of 579,025. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.73 and a current ratio of 3.92. Royal Gold has a 12 month low of $61.00 and a 12 month high of $94.39. The stock has a market cap of $5,600.00, a price-to-earnings ratio of 55.01, a P/E/G ratio of 4.72 and a beta of 0.46.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly 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 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%. Royal Gold’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. equities research analysts anticipate that Royal Gold will post 1.76 earnings per share for the current fiscal year.
In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.12% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased 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. Capital World Investors increased 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. First Eagle Investment Management LLC increased its position in shares of Royal Gold by 1.7% in the third quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock valued at $304,409,000 after acquiring an additional 58,541 shares during the period. St. James Investment Company LLC increased its position in shares of Royal Gold by 1.4% in the third quarter. St. James Investment Company LLC now owns 889,365 shares of the basic materials company’s stock valued at $76,521,000 after acquiring an additional 12,458 shares during the period. Finally, Northern Trust Corp increased its position in shares of Royal Gold by 0.6% in the second quarter. Northern Trust Corp now owns 776,708 shares of the basic materials company’s stock valued at $60,715,000 after acquiring an additional 4,266 shares during the period. Hedge funds and other institutional investors own 72.02% 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.
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