Scotiabank set a $90.00 price target on Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a report published on Monday. The brokerage currently has a hold rating on the basic materials company’s stock.
A number of other research analysts also recently weighed in on RGLD. Canaccord Genuity reissued a buy rating and issued a $113.00 price target on shares of Royal Gold in a research note on Sunday, October 1st. Royal Bank of Canada set a $89.00 price objective on Royal Gold and gave the stock a buy rating in a research note on Monday, October 23rd. Zacks Investment Research raised Royal Gold from a sell rating to a hold rating in a research note on Wednesday, November 8th. B. Riley reaffirmed a neutral rating on shares of Royal Gold in a research note on Wednesday, November 1st. Finally, TheStreet raised Royal Gold from a c+ rating to a b- rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $94.63.
Royal Gold (NASDAQ:RGLD) opened at $86.36 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. The firm has a market capitalization of $5,650.00, a price-to-earnings ratio of 56.08, a PEG ratio of 4.85 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 quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. The company had revenue of $112.50 million for the quarter, compared to the consensus estimate of $112.43 million. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS. sell-side analysts forecast that Royal Gold will post 1.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be paid a $0.25 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, January 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. Royal Gold’s dividend payout ratio (DPR) is currently 64.94%.
In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold 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 filing with the SEC, which is accessible through this link. Insiders sold a total of 4,500 shares of company stock worth $382,500 in the last three months. Company insiders own 1.12% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RGLD. Capital World Investors raised its stake in shares of Royal Gold by 25.7% in the 2nd quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock valued at $325,031,000 after purchasing an additional 849,900 shares during the period. KBC Group NV raised its stake in shares of Royal Gold by 5,094.1% in the 3rd quarter. KBC Group NV now owns 94,480 shares of the basic materials company’s stock valued at $8,129,000 after purchasing an additional 92,661 shares during the period. Capital Research Global Investors raised its stake in shares of Royal Gold by 131.8% in the 2nd quarter. Capital Research Global Investors now owns 154,000 shares of the basic materials company’s stock valued at $12,038,000 after purchasing an additional 87,567 shares during the period. Vanguard Group Inc. grew its holdings in shares of Royal Gold by 1.3% in the 2nd 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 in the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in shares of Royal Gold by 650.0% in the 3rd quarter. State of Tennessee Treasury Department now owns 75,000 shares of the basic materials company’s stock valued at $6,453,000 after acquiring an additional 65,000 shares in the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/01/18/scotiabank-analysts-give-royal-gold-rgld-a-90-00-price-target.html.
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.
Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.