Raymond James Weighs in on Royal Gold, Inc.’s FY2021 Earnings (NASDAQ:RGLD)

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Research analysts at Raymond James raised their FY2021 EPS estimates for Royal Gold in a report released on Tuesday, June 8th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $3.48 for the year, up from their previous forecast of $3.40. Raymond James has a “Outperform” rating and a $146.00 price target on the stock. Raymond James also issued estimates for Royal Gold’s Q4 2021 earnings at $0.93 EPS, Q1 2022 earnings at $0.94 EPS, Q2 2022 earnings at $0.98 EPS, Q3 2022 earnings at $0.98 EPS, Q4 2022 earnings at $1.04 EPS and FY2022 earnings at $3.96 EPS.

Several other analysts also recently weighed in on RGLD. Royal Bank of Canada boosted their price target on shares of Royal Gold from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Royal Gold from $143.00 to $134.00 in a research note on Tuesday, April 27th. National Bank Financial upped their price objective on shares of Royal Gold from $145.00 to $155.00 and gave the company a “sector perform” rating in a research note on Thursday, May 20th. TD Securities upped their price objective on shares of Royal Gold from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 7th. Finally, National Bankshares upped their price objective on shares of Royal Gold from $145.00 to $155.00 and gave the company a “sector perform” rating in a research note on Thursday, May 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $140.00.

Royal Gold stock opened at $125.34 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.12 and a quick ratio of 6.89. The company has a market capitalization of $8.22 billion, a P/E ratio of 30.50, a PEG ratio of 3.65 and a beta of 0.65. The stock has a fifty day simple moving average of $118.98. Royal Gold has a twelve month low of $99.32 and a twelve month high of $147.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 5th. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The business had revenue of $142.59 million during the quarter, compared to the consensus estimate of $149.74 million. Royal Gold had a net margin of 47.53% and a return on equity of 8.55%.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 16th. Investors of record on Friday, July 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, July 1st. Royal Gold’s payout ratio is currently 48.58%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Royal Gold by 2.1% in the first quarter. BlackRock Inc. now owns 6,702,619 shares of the basic materials company’s stock worth $721,337,000 after purchasing an additional 137,658 shares during the period. Van ECK Associates Corp grew its holdings in Royal Gold by 3.2% in the fourth quarter. Van ECK Associates Corp now owns 4,029,400 shares of the basic materials company’s stock worth $428,567,000 after purchasing an additional 123,868 shares during the period. First Eagle Investment Management LLC grew its holdings in Royal Gold by 30.9% in the first quarter. First Eagle Investment Management LLC now owns 3,476,354 shares of the basic materials company’s stock worth $374,125,000 after purchasing an additional 821,293 shares during the period. Morgan Stanley grew its holdings in Royal Gold by 97.6% in the first quarter. Morgan Stanley now owns 2,430,978 shares of the basic materials company’s stock worth $261,622,000 after purchasing an additional 1,200,902 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Royal Gold by 8.0% in the first quarter. Acadian Asset Management LLC now owns 1,383,629 shares of the basic materials company’s stock worth $148,907,000 after purchasing an additional 102,160 shares during the period. 78.80% of the stock is owned by institutional investors.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related 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, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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