Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Stock analysts at National Bank Financial lifted their FY2019 earnings per share (EPS) estimates for shares of Royal Gold in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $2.00 per share for the year, up from their previous forecast of $1.93. National Bank Financial has a “Sector Perform” rating and a $102.50 price objective on the stock.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $114.35 million during the quarter, compared to the consensus estimate of $114.79 million. Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS.
Other research analysts also recently issued research reports about the stock. B. Riley restated a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. Cantor Fitzgerald assumed coverage on shares of Royal Gold in a research report on Thursday, January 4th. They set a “buy” rating and a $105.00 price objective on the stock. Zacks Investment Research downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Canaccord Genuity upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, BidaskClub upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $95.46.
Royal Gold (NASDAQ RGLD) opened at $84.99 on Monday. The firm has a market cap of $5,563.04, a P/E ratio of 55.91, a P/E/G ratio of 5.04 and a beta of 0.61. Royal Gold has a 52-week low of $61.00 and a 52-week high of $94.39. The company has a current ratio of 3.98, a quick ratio of 3.80 and a debt-to-equity ratio of 0.21.
A number of institutional investors and hedge funds have recently bought and sold shares of RGLD. Mountain Capital Investment Advisors Inc purchased a new position in Royal Gold during the second quarter valued at $109,000. Keeler Thomas Management LLC purchased a new position in Royal Gold during the fourth quarter valued at $118,000. Exane Derivatives grew its stake in Royal Gold by 4,900.0% during the fourth quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 1,470 shares in the last quarter. Quantbot Technologies LP purchased a new position in Royal Gold during the third quarter valued at $174,000. Finally, Squar Milner Financial Services LLC purchased a new position in Royal Gold during the fourth quarter valued at $212,000. 71.44% of the stock is owned by institutional investors.
In related news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $88.50, for a total transaction of $132,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 4,500 shares of company stock valued at $387,750 over the last ninety days. 1.12% of the stock is currently owned by corporate insiders.
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About Royal Gold
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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