Royal Gold Inc. (RGLD) Trading 3.2% Higher
Shares of Royal Gold Inc. (NASDAQ:RGLD) traded up 3.2% during trading on Thursday . The company traded as high as $75.96 and last traded at $75.67, with a volume of 690,764 shares. The stock had previously closed at $73.32.
A number of analysts have commented on the company. FBR & Co boosted their price objective on Royal Gold from $78.00 to $80.00 and gave the stock a “mkt perform” rating in a report on Friday, August 12th. Raymond James Financial Inc. upgraded Royal Gold from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $72.00 to $85.00 in a research note on Wednesday, July 6th. Zacks Investment Research downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. HSBC restated a “buy” rating on shares of Royal Gold in a research note on Thursday, July 7th. Finally, Barclays PLC boosted their target price on Royal Gold from $62.00 to $99.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.85.
The company’s market capitalization is $5.09 billion. The stock’s 50 day moving average is $81.14 and its 200-day moving average is $63.64.
Royal Gold (NASDAQ:RGLD) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. During the same quarter last year, the firm posted $0.23 earnings per share. The business had revenue of $94.10 million for the quarter, compared to analyst estimates of $100.62 million. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. Equities analysts anticipate that Royal Gold Inc. will post $1.90 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, September 28th.
In other news, VP Bruce Christopher Kirchhoff sold 3,333 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $66.19, for a total value of $220,611.27. The transaction was disclosed in a filing with the SEC, which is available through this link.
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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