BMO Capital Markets Lowers Royal Gold (NASDAQ:RGLD) Price Target to $162.00

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price target reduced by BMO Capital Markets from $163.00 to $162.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ target price points to a potential upside of 32.47% from the stock’s previous close.

Other analysts also recently issued research reports about the company. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group started coverage on Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.75.

Royal Gold Stock Performance

Shares of NASDAQ RGLD traded up $0.74 during mid-day trading on Thursday, hitting $122.29. The company had a trading volume of 276,105 shares, compared to its average volume of 504,369. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 6.95 and a beta of 0.88. Royal Gold has a 12 month low of $100.55 and a 12 month high of $147.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18. The firm’s 50 day simple moving average is $116.55 and its two-hundred day simple moving average is $115.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.20. The firm had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, equities research analysts forecast that Royal Gold will post 4.36 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total value of $52,090.00. Following the transaction, the vice president now directly owns 9,473 shares in the company, valued at approximately $986,897.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Trading of Royal Gold

A number of institutional investors have recently bought and sold shares of RGLD. Rakuten Securities Inc. acquired a new stake in shares of Royal Gold in the fourth quarter worth about $27,000. Larson Financial Group LLC increased its stake in Royal Gold by 526.3% during the fourth quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Royal Gold during the fourth quarter valued at about $31,000. Fidelis Capital Partners LLC bought a new position in Royal Gold during the first quarter valued at about $36,000. Finally, BKM Wealth Management LLC bought a new position in Royal Gold during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.