Royal Gold Inc. (RGLD) Shares Down 2%
Royal Gold Inc. (NASDAQ:RGLD) shares traded down 2% on Tuesday . The company traded as low as $75.25 and last traded at $75.40, with a volume of 325,229 shares changing hands. The stock had previously closed at $76.96.
A number of research analysts have recently weighed in on the company. FBR & Co raised their target price on Royal Gold from $78.00 to $80.00 and gave the company a “mkt perform” rating in a report on Friday, August 12th. Barclays PLC raised their target price on Royal Gold from $62.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Friday, July 8th. HSBC reaffirmed a “buy” rating on shares of Royal Gold in a research report on Thursday, July 7th. Finally, BMO Capital Markets raised Royal Gold from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $70.85.
The firm’s 50-day moving average is $81.41 and its 200 day moving average is $63.45. The company’s market capitalization is $4.89 billion.
Royal Gold (NASDAQ:RGLD) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. During the same period in the previous year, the business earned $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 revenue was up 27.9% on a year-over-year basis. On average, equities analysts anticipate that Royal Gold Inc. will post $1.90 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.23 dividend. 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 related news, VP Bruce Christopher Kirchhoff sold 3,333 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently bought a new position in Royal Gold stock. RS Investment Management Co. LLC acquired a new stake in Royal Gold Inc. (NASDAQ:RGLD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 126,730 shares of the company’s stock, valued at approximately $4,622,000. RS Investment Management Co. LLC owned approximately 0.20% of Royal Gold at the end of the most recent reporting period.
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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