Royal Gold (RGLD) Receiving Somewhat Critical News Coverage, Analysis Shows
Media stories about Royal Gold (NASDAQ:RGLD) (TSE:RGL) have been trending somewhat negative on Sunday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Royal Gold earned a daily sentiment score of -0.01 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.0918445138643 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of brokerages have weighed in on RGLD. Scotiabank set a $90.00 price target on Royal Gold and gave the stock a “hold” rating in a research report on Monday, January 15th. Zacks Investment Research downgraded Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Cantor Fitzgerald began coverage on Royal Gold in a research report on Thursday, January 4th. They set a “buy” rating and a $105.00 price target on the stock. TD Securities lowered their price target on Royal Gold from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, December 29th. Finally, Bank of America lowered their price target on Royal Gold from $109.00 to $99.00 and set a “hold” rating on the stock in a research report on Thursday, December 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $94.63.
Shares of Royal Gold (NASDAQ:RGLD) opened at $87.14 on Friday. Royal Gold has a 1-year low of $61.00 and a 1-year high of $94.39. The stock has a market capitalization of $5,614.01, a P/E ratio of 56.58, a PEG ratio of 4.86 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.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, January 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, January 4th. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. Royal Gold’s payout ratio is currently 64.94%.
In other news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 4,500 shares of company stock valued at $382,500. Corporate insiders own 1.12% of the company’s stock.
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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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