Zacks Investment Research lowered shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

According to Zacks, “Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. Royal Gold, Inc. acquires and manages precious metals stream and royalty interests, with a primary focus on gold. The Company’s portfolio provides investors with a unique opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with mine operations. Precious metal streams are purchase agreements with mine operators that provide, in exchange for a lump sum advance payment, the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol RGLD. Its principal producing stream and royalty interests on properties are located in the United States, Canada, Chile, the Dominican Republic, Ghana, and Mexico. “

RGLD has been the topic of several other reports. Royal Bank of Canada set a $89.00 target price on shares of Royal Gold and gave the stock a buy rating in a report on Monday, October 23rd. TD Securities lowered their target price on shares of Royal Gold from $110.00 to $105.00 and set a buy rating on the stock in a report on Friday, December 29th. Canaccord Genuity cut shares of Royal Gold from a buy rating to a hold rating and decreased their price objective for the company from $109.00 to $99.00 in a research note on Thursday, December 28th. Eight Capital reissued a neutral rating on shares of Royal Gold in a research note on Thursday, November 16th. Finally, BMO Capital Markets set a $105.00 price objective on shares of Royal Gold and gave the company a buy rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $94.63.

Royal Gold (NASDAQ:RGLD) opened at $85.56 on Friday. Royal Gold has a fifty-two week low of $61.00 and a fifty-two week high of $94.39. The company has a market cap of $5,600.27, a P/E ratio of 55.56, a PEG ratio of 4.85 and a beta of 0.46. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $112.43 million. During the same period last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. research analysts predict that Royal Gold will post 1.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, January 4th. Royal Gold’s dividend payout ratio (DPR) is 64.94%.

In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.12% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mountain Capital Investment Advisors Inc bought a new stake in shares of Royal Gold during the second quarter worth $109,000. Quantbot Technologies LP bought a new stake in shares of Royal Gold during the third quarter worth $174,000. U S Global Investors Inc. grew its stake in shares of Royal Gold by 333.1% during the second quarter. U S Global Investors Inc. now owns 3,032 shares of the basic materials company’s stock worth $263,000 after buying an additional 2,332 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Royal Gold during the third quarter worth $267,000. Finally, QS Investors LLC grew its stake in shares of Royal Gold by 0.4% during the second quarter. QS Investors LLC now owns 3,561 shares of the basic materials company’s stock worth $278,000 after buying an additional 13 shares during the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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