Royal Gold Inc. (RGLD) Shares Gap Up to $75.78
Shares of Royal Gold Inc. (NASDAQ:RGLD) gapped up prior to trading on Friday . The stock had previously closed at $75.52, but opened at $75.78. Royal Gold shares last traded at $77.60, with a volume of 350,855 shares trading hands.
Several analysts recently weighed in on the company. FBR & Co lifted their price objective on Royal Gold from $78.00 to $80.00 and gave the company a “mkt perform” rating in a report on Friday, August 12th. Raymond James Financial Inc. upgraded shares of 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 report on Wednesday, July 6th. HSBC reiterated a “buy” rating on shares of Royal Gold in a report on Thursday, July 7th. Zacks Investment Research downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, Barclays PLC boosted their target price on shares of Royal Gold from $62.00 to $99.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $70.85.
The company’s 50 day moving average price is $81.14 and its 200 day moving average price is $63.64. The stock’s market cap is $5.09 billion.
Royal Gold (NASDAQ:RGLD) last announced its earnings results on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The company earned $94.10 million during the quarter, compared to the consensus estimate of $100.62 million. During the same period last year, the business earned $0.23 EPS. Royal Gold’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities research analysts expect that Royal Gold Inc. will post $1.90 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors 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 1.18%. The ex-dividend date of this dividend is Wednesday, September 28th.
In related news, VP Bruce Christopher Kirchhoff sold 3,333 shares of the firm’s stock in a transaction dated 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 through the SEC website.
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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