Royal Gold Announces Quarterly Dividend of $0.20 (RGLD)
Royal Gold (NASDAQ:RGLD) declared a quarterly dividend on Thursday, March 14th. Stockholders of record on Friday, April 5th will be given a dividend of $0.20 per share on Friday, April 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.20%.
RGLD has been the subject of a number of recent research reports. Analysts at UBS AG upgraded shares of Royal Gold from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, February 12th. They now have a $90.00 price target on the stock, down previously from $98.00. On a related note, analysts at Scotiabank cut their price target on shares of Royal Gold from $98.80 to $96.00 in a research note to investors on Friday, February 1st. They now have a “sector perform” rating on the stock. Finally, analysts at MLV Capital cut their price target on shares of Royal Gold from $95.00 to $92.00 in a research note to investors on Friday, February 1st. They now have a “buy” rating on the stock.
Two research analysts have rated the stock with a buy rating, and six have issued a hold rating to the company. The stock has a consensus rating of “hold” and an average price target of $91.44.
Royal Gold (RGLD) traded up 0.96% on Thursday, hitting $67.115. Royal Gold (RGLD) has a 52-week low of $57.00 and a 52-week high of $100.84. The stock’s 50-day moving average is currently $70.34. The company has a market cap of $4.365 billion and a price-to-earnings ratio of 40.76.
Royal Gold last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.01. The company had revenue of $79.90 million for the quarter, compared to the consensus estimate of $80.19 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts predict that Royal Gold (RGLD) will post $1.74 earnings per share for the current fiscal year.
Royal Gold, Inc. (Royal Gold) together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests derived from production.
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