Royal Gold (NASDAQ:RGLD) Receives Daily Coverage Optimism Score of 0.06
News coverage about Royal Gold (NASDAQ:RGLD) (TSE:RGL) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Royal Gold earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 47.0171431920161 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Royal Gold Inc. Announces 2% Fall In Q4 Earnings – Markets Insider (markets.businessinsider.com)
- Align Technology Inc (ALGN) and Royal Gold Inc (RGLD) Shares Moving The Tape in Session – Bulletin News (orobulletin.com)
- Alliancebernstein LP Raises Its Ownership in Royal Gold, Inc. (RGLD) Stock Last Quarter – First News 24 (firstnewspaper24.com)
- Edited Transcript of RGLD earnings conference call or presentation 10-Aug-17 4:00pm GMT (finance.yahoo.com)
- Canaccord Genuity Reiterates Buy Rating for Royal Gold, Inc. (RGLD) (americanbankingnews.com)
Royal Gold (RGLD) opened at 87.23 on Friday. Royal Gold has a 12 month low of $60.21 and a 12 month high of $88.03. The firm has a market capitalization of $5.69 billion, a PE ratio of 56.28 and a beta of 0.68. The company’s 50-day moving average price is $82.15 and its 200 day moving average price is $74.41.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $108.72 million. Royal Gold had a return on equity of 3.53% and a net margin of 15.46%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities research analysts predict that Royal Gold will post $1.91 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, July 5th. Royal Gold’s dividend payout ratio is currently 61.54%.
Several brokerages have issued reports on RGLD. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, June 21st. Canaccord Genuity reiterated a “buy” rating and set a $105.00 price objective (up from $99.00) on shares of Royal Gold in a report on Thursday. Raymond James Financial, Inc. reiterated a “market perform” rating and set a $88.00 price objective on shares of Royal Gold in a report on Thursday, June 15th. BidaskClub downgraded Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Scotiabank increased their price objective on Royal Gold from $81.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $91.59.
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In other Royal Gold news, CFO Stefan Wenger sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total value of $2,125,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,629 shares of company stock valued at $4,736,660 over the last three months. Corporate insiders own 1.37% of the company’s stock.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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