Royal Gold (NASDAQ:RGLD) Price Target Lowered to $140.00 at National Bankshares

Royal Gold (NASDAQ:RGLDGet Rating) (TSE:RGL) had its price objective lowered by National Bankshares from $150.00 to $140.00 in a research report released on Friday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the basic materials company’s stock.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets lowered their target price on shares of Royal Gold from $142.00 to $140.00 and set a market perform rating on the stock in a research note on Thursday. Canaccord Genuity Group raised shares of Royal Gold from a hold rating to a buy rating in a research note on Monday, June 13th. TD Securities lowered their price objective on shares of Royal Gold from $145.00 to $140.00 and set a buy rating on the stock in a research note on Friday. Barclays lowered their price objective on shares of Royal Gold from $130.00 to $114.00 and set an equal weight rating on the stock in a research note on Tuesday, July 19th. Finally, National Bank Financial lowered their price objective on shares of Royal Gold from $165.00 to $150.00 in a research note on Thursday, July 21st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $138.40.

Royal Gold Trading Down 0.0 %

Royal Gold stock opened at $102.67 on Friday. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 2.79 and a beta of 0.61. The company’s 50-day moving average price is $107.88 and its two-hundred day moving average price is $119.09. Royal Gold has a 52 week low of $92.01 and a 52 week high of $147.70.

Royal Gold (NASDAQ:RGLDGet Rating) (TSE:RGL) last released its earnings results on Wednesday, May 4th. The basic materials company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.83 by $0.16. The firm had revenue of $162.40 million for the quarter, compared to analysts’ expectations of $156.00 million. Royal Gold had a net margin of 42.22% and a return on equity of 9.85%. Royal Gold’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. Research analysts expect that Royal Gold will post 3.68 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, June 30th. Royal Gold’s payout ratio is 33.41%.

Insiders Place Their Bets

In related news, VP Randy Shefman sold 638 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $117.57, for a total transaction of $75,009.66. Following the completion of the sale, the vice president now directly owns 9,456 shares in the company, valued at $1,111,741.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of Royal Gold

A number of institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its stake in Royal Gold by 0.4% in the first quarter. Arizona State Retirement System now owns 17,743 shares of the basic materials company’s stock valued at $2,507,000 after acquiring an additional 77 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Royal Gold by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,042 shares of the basic materials company’s stock valued at $572,000 after acquiring an additional 96 shares during the last quarter. Commerce Bank lifted its stake in Royal Gold by 3.8% in the fourth quarter. Commerce Bank now owns 2,629 shares of the basic materials company’s stock valued at $277,000 after acquiring an additional 97 shares during the last quarter. Securian Asset Management Inc. lifted its stake in Royal Gold by 1.7% in the second quarter. Securian Asset Management Inc. now owns 5,984 shares of the basic materials company’s stock valued at $639,000 after acquiring an additional 101 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in Royal Gold by 5.2% in the first quarter. Avantax Advisory Services Inc. now owns 2,256 shares of the basic materials company’s stock valued at $319,000 after acquiring an additional 111 shares during the last quarter. 80.33% of the stock is currently owned by institutional investors and hedge funds.

About Royal Gold

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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, and cobalt.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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