Royal Gold, Inc. (RGLD) Upgraded by TheStreet to B-
Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Wednesday.
A number of other research firms have also commented on RGLD. Zacks Investment Research lowered shares of Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity restated a “buy” rating and issued a $113.00 price objective on shares of Royal Gold in a research report on Sunday, October 1st. Royal Bank Of Canada set a $89.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research report on Monday, October 23rd. Macquarie lowered shares of Royal Gold from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 12th. Finally, BidaskClub upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.65.
Royal Gold (NASDAQ:RGLD) opened at $87.59 on Wednesday. The firm has a market cap of $5,839.18, a PE ratio of 60.69, a PEG ratio of 5.07 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. Royal Gold has a 12 month low of $60.21 and a 12 month high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The company had revenue of $112.50 million during the quarter, compared to analyst estimates of $112.43 million. During the same period last year, the business earned $0.46 earnings per share. Royal Gold’s revenue was down 4.7% compared to the same quarter last year. equities research analysts expect that Royal Gold will post 1.76 EPS for the current fiscal year.
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In other news, Chairman William M. Hayes sold 10,850 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $86.35, for a total value of $936,897.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony A. Jensen sold 3,523 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $87.03, for a total transaction of $306,606.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,716 shares of company stock valued at $7,186,288. 1.12% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. St. James Investment Company LLC increased its stake in shares of Royal Gold by 1.4% in the third quarter. St. James Investment Company LLC now owns 889,365 shares of the basic materials company’s stock worth $76,521,000 after buying an additional 12,458 shares during the period. Legal & General Group Plc increased its stake in shares of Royal Gold by 15.8% in the third quarter. Legal & General Group Plc now owns 87,464 shares of the basic materials company’s stock worth $7,526,000 after buying an additional 11,965 shares during the period. TD Asset Management Inc. purchased a new position in shares of Royal Gold in the third quarter worth $3,878,000. ING Groep NV purchased a new position in shares of Royal Gold in the third quarter worth $688,000. Finally, America First Investment Advisors LLC increased its stake in shares of Royal Gold by 2.7% in the third quarter. America First Investment Advisors LLC now owns 150,863 shares of the basic materials company’s stock worth $12,980,000 after buying an additional 3,996 shares during the period. 70.24% of the stock is currently owned by institutional investors.
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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