Royal Gold Inc. (NASDAQ:RGLD) fell 4.8% during trading on Wednesday . The company traded as low as $78.65 and last traded at $78.80, with a volume of 514,617 shares. The stock had previously closed at $82.73.

A number of research firms have commented on RGLD. FBR & Co raised their target price on shares of Royal Gold from $78.00 to $80.00 and gave the stock a “mkt perform” rating in a research note on Friday, August 12th. HSBC restated a “buy” rating on shares of Royal Gold in a research note on Thursday, July 7th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Wednesday, May 4th. Raymond James Financial Inc. upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $72.00 to $85.00 in a research note on Wednesday, July 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $84.00 target price on shares of Royal Gold in a research note on Monday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $70.85.

The company’s market capitalization is $4.94 billion. The stock’s 50 day moving average price is $82.11 and its 200 day moving average price is $62.29.

Royal Gold (NASDAQ:RGLD) last announced its earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm earned $94.10 million during the quarter, compared to analyst estimates of $100.62 million. Royal Gold’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share. On average, equities research analysts anticipate that Royal Gold Inc. will post $1.90 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, September 28th.

In other news, VP Bruce Christopher Kirchhoff sold 3,333 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $66.19, for a total transaction of $220,611.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A hedge fund recently bought a new stake in Royal Gold stock. RS Investment Management Co. LLC purchased a new stake in Royal Gold Inc. (NASDAQ:RGLD) during the fourth quarter, according to its most recent disclosure with the SEC. The fund purchased 126,730 shares of the company’s stock, valued at approximately $4,622,000. RS Investment Management Co. LLC owned 0.20% of Royal Gold at the end of the most recent quarter.

Royal Gold, Inc (Royal Gold), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests.

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