Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL)’s share price traded up 5.8% during mid-day trading on Thursday . The stock traded as high as $79.76 and last traded at $79.06. 900,118 shares were traded during trading, an increase of 73% from the average session volume of 519,541 shares. The stock had previously closed at $74.70.
Several equities analysts recently issued reports on the company. BidaskClub raised Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Monday, July 9th. Desjardins reaffirmed a “buy” rating and set a $100.00 price objective on shares of Royal Gold in a report on Wednesday, July 18th. National Bank Financial reduced their price objective on Royal Gold from $102.50 to $97.50 and set a “sector perform” rating for the company in a report on Saturday, July 14th. Finally, Canaccord Genuity set a $102.00 price objective on Royal Gold and gave the stock a “buy” rating in a report on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $97.13.
The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 3.97 and a beta of 0.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.27.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The company had revenue of $116.20 million during the quarter, compared to analysts’ expectations of $115.57 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts anticipate that Royal Gold, Inc will post 1.94 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 5th will be issued a $0.25 dividend. The ex-dividend date is Thursday, October 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. Royal Gold’s dividend payout ratio (DPR) is 56.82%.
In other Royal Gold news, Director Jamie C. Sokalsky acquired 2,000 shares of the stock in a transaction dated Monday, September 17th. The stock was acquired at an average price of $77.18 per share, with a total value of $154,360.00. Following the completion of the transaction, the director now directly owns 10,185 shares in the company, valued at $786,078.30. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sybil E. Veenman acquired 500 shares of the stock in a transaction dated Wednesday, September 26th. The stock was acquired at an average cost of $78.11 per share, with a total value of $39,055.00. Following the transaction, the director now owns 2,515 shares of the company’s stock, valued at $196,446.65. The disclosure for this purchase can be found here. Over the last three months, insiders bought 4,500 shares of company stock valued at $347,915. Insiders own 1.12% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Royal Gold by 11.6% in the second quarter. Van ECK Associates Corp now owns 3,830,976 shares of the basic materials company’s stock valued at $355,668,000 after purchasing an additional 399,288 shares during the period. Northern Trust Corp grew its position in shares of Royal Gold by 3.0% in the second quarter. Northern Trust Corp now owns 742,461 shares of the basic materials company’s stock valued at $68,931,000 after purchasing an additional 21,451 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Royal Gold by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 733,778 shares of the basic materials company’s stock valued at $68,118,000 after purchasing an additional 11,711 shares during the period. FMR LLC grew its position in shares of Royal Gold by 36.4% in the second quarter. FMR LLC now owns 537,267 shares of the basic materials company’s stock valued at $49,880,000 after purchasing an additional 143,400 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Royal Gold by 2.9% in the first quarter. Principal Financial Group Inc. now owns 286,129 shares of the basic materials company’s stock valued at $24,570,000 after purchasing an additional 8,102 shares during the period. 74.87% of the stock is owned by institutional investors and hedge funds.
Royal Gold Company Profile (NASDAQ:RGLD)
Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.
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