Shares of Royal Gold Inc. (NASDAQ:RGLD) gapped down before the market opened on Monday . The stock had previously closed at $75.52, but opened at $75.78. Royal Gold shares last traded at $77.94, with a volume of 664,100 shares.

RGLD has been the subject of a number of recent research reports. Zacks Investment Research lowered Royal Gold from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Royal Bank Of Canada reissued an “outperform” rating and set a $84.00 price objective on shares of Royal Gold in a report on Monday, June 13th. FBR & Co boosted their price objective on Royal Gold from $57.00 to $71.00 and gave the stock a “market perform” rating in a report on Wednesday, July 6th. Dundee Securities raised Royal Gold from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $85.00 in a report on Wednesday, July 6th. Finally, National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $72.00 to $85.00 in a 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 assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $70.85.

The stock’s market cap is $5.09 billion. The company’s 50-day moving average is $81.14 and its 200-day moving average is $63.64.

Royal Gold (NASDAQ:RGLD) last released its earnings results 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 period last year, the firm earned $0.23 EPS. The firm had revenue of $94.10 million for the quarter, compared to analysts’ expectations of $100.62 million. The business’s revenue was up 27.9% on a year-over-year basis. Analysts expect that Royal Gold Inc. will post $1.90 EPS for the current year.

The firm also recently announced 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. The ex-dividend date is Wednesday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.18%.

In other news, VP Bruce Christopher Kirchhoff sold 3,333 shares of Royal Gold stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $66.19, for a total transaction of $220,611.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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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