Shares of Royal Gold Inc. (NASDAQ:RGLD) dropped 2% during trading on Tuesday . The company traded as low as $75.25 and last traded at $75.40, with a volume of 325,229 shares traded. The stock had previously closed at $76.96.

RGLD has been the subject of a number of research reports. FBR & Co raised their price objective on Royal Gold from $55.00 to $57.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, May 3rd. 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 research report on Wednesday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $84.00 price objective on shares of Royal Gold in a research report on Monday, June 13th. Dundee Securities upgraded Royal Gold from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $85.00 in a research report on Wednesday, July 6th. Finally, National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $72.00 to $85.00 in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $70.85.

The firm’s market capitalization is $4.81 billion. The firm’s 50 day moving average price is $81.61 and its 200-day moving average price is $63.38.

Royal Gold (NASDAQ:RGLD) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. During the same period in the previous year, the company posted $0.23 EPS. The firm earned $94.10 million during the quarter, compared to the consensus estimate of $100.62 million. The firm’s revenue for the quarter 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 fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders 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 dividend yield of 1.25%. The ex-dividend date is Wednesday, September 28th.

In other 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 legal filing with the Securities & Exchange Commission, which is available at this link.

A hedge fund recently bought a new stake in Royal Gold stock. RS Investment Management Co. LLC acquired a new position in 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 acquired 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 filing with the SEC.

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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