News coverage about Royal Gold (NASDAQ:RGLD) (TSE:RGL) has been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Royal Gold earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 47.0700235543129 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
Shares of NASDAQ:RGLD opened at $89.46 on Tuesday. The firm has a market cap of $5,811.77, a price-to-earnings ratio of 57.72, a P/E/G ratio of 5.25 and a beta of 0.61. Royal Gold has a 12-month low of $67.10 and a 12-month high of $94.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.98 and a quick ratio of 3.80.
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 analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $114.35 million for the quarter, compared to analyst estimates of $114.79 million. Royal Gold had a net margin of 13.00% and a return on equity of 4.31%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. equities analysts forecast that Royal Gold will post 1.69 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, April 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, April 5th. Royal Gold’s dividend payout ratio (DPR) is currently 64.52%.
A number of research firms recently commented on RGLD. Cantor Fitzgerald began coverage on shares of Royal Gold in a research note on Thursday, January 4th. They issued a “buy” rating and a $105.00 price objective for the company. TD Securities decreased their price objective on shares of Royal Gold from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, December 29th. Canaccord Genuity raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. BMO Capital Markets set a $102.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Finally, ValuEngine raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $95.46.
In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 4,500 shares of company stock valued at $389,160 in the last three months. Company insiders own 1.12% of the company’s stock.
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About Royal Gold
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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