Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by analysts at UBS from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, March 14th, The Fly reports.
Other equities research analysts have also recently issued research reports about the stock. National Bank Financial raised their target price on shares of Royal Gold from $100.00 to $102.50 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Zacks Investment Research cut shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Cantor Fitzgerald initiated coverage on shares of Royal Gold in a report on Thursday, January 4th. They issued a “buy” rating and a $105.00 target price on the stock. Canaccord Genuity upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, BidaskClub cut shares of Royal Gold from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Royal Gold presently has an average rating of “Buy” and a consensus price target of $95.13.
RGLD stock traded up $0.08 on Wednesday, hitting $86.18. The company had a trading volume of 257,705 shares, compared to its average volume of 469,071. Royal Gold has a 12-month low of $67.10 and a 12-month 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. The stock has a market capitalization of $5,640.91, a P/E ratio of 55.60, a P/E/G ratio of 5.11 and a beta of 0.61.
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 Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The company had revenue of $114.35 million during the quarter, compared to analysts’ expectations of $114.79 million. During the same quarter in the prior year, the business posted $0.36 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. equities analysts predict that Royal Gold will post 1.69 earnings per share for the current year.
In other news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 6,000 shares of company stock worth $516,660 in the last quarter. Corporate insiders own 1.12% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Keeler Thomas Management LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at $118,000. Exane Derivatives raised its position in shares of Royal Gold by 4,900.0% during the 4th quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 1,470 shares during the period. Quantbot Technologies LP bought a new stake in shares of Royal Gold during the 3rd quarter valued at $174,000. Squar Milner Financial Services LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at $212,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at $219,000. Hedge funds and other institutional investors own 77.65% of the company’s stock.
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Royal Gold Company Profile
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.
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