Royal Gold Inc. (RGLD) Shares Up 3.2%
Royal Gold Inc. (NASDAQ:RGLD) shot up 3.2% during mid-day trading on Thursday . The stock traded as high as $75.96 and last traded at $75.67, with a volume of 690,764 shares traded. The stock had previously closed at $73.32.
Several brokerages have issued reports on RGLD. FBR & Co increased their price target on Royal Gold from $78.00 to $80.00 and gave the stock a “mkt perform” rating in a report on Friday, August 12th. HSBC reiterated a “buy” rating on shares of Royal Gold in a report on Thursday, July 7th. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, May 4th. Raymond James Financial Inc. upgraded Royal Gold from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $72.00 to $85.00 in a report on Wednesday, July 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $84.00 price objective on shares of Royal Gold in a report on Monday, June 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $70.85.
The firm’s market capitalization is $4.95 billion. The stock’s 50 day moving average price is $81.41 and its 200-day moving average price is $63.45.
Royal Gold (NASDAQ:RGLD) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The business earned $94.10 million during the quarter, compared to analysts’ expectations of $100.62 million. During the same period in the prior year, the company earned $0.23 earnings per share. The business’s quarterly revenue was up 27.9% on a year-over-year basis. Equities analysts anticipate that Royal Gold Inc. will post $1.90 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, September 28th.
In other Royal Gold news, VP Bruce Christopher Kirchhoff sold 3,333 shares of the business’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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently bought a new stake in Royal Gold stock. RS Investment Management Co. LLC bought a new stake in shares of Royal Gold Inc. (NASDAQ:RGLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 126,730 shares of the company’s stock, valued at approximately $4,622,000. RS Investment Management Co. LLC owned about 0.20% of Royal Gold as of its most recent SEC filing.
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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