Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by equities research analysts at UBS Group from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other brokerages have also issued reports on RGLD. BidaskClub raised Royal Gold from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. 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 note on Thursday, December 28th. Canaccord Genuity lowered Royal Gold from a “buy” rating to a “hold” rating and lowered their price target for the stock from $109.00 to $99.00 in a research note on Thursday, December 28th. BMO Capital Markets set a $105.00 price target on Royal Gold and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Scotiabank set a $90.00 price target on Royal Gold and gave the stock a “hold” rating in a research note on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $95.54.

How to Become a New Pot Stock Millionaire

Shares of Royal Gold (NASDAQ RGLD) traded up $0.24 during trading hours on Wednesday, hitting $83.69. The stock had a trading volume of 357,260 shares, compared to its average volume of 610,570. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.98 and a quick ratio of 3.80. The firm has a market capitalization of $5,480.00, a price-to-earnings ratio of 65.38, a PEG ratio of 4.91 and a beta of 0.70. Royal Gold has a 12-month low of $61.58 and a 12-month high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $114.35 million during the quarter, compared to analyst estimates of $114.79 million. Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. analysts forecast that Royal Gold will post 1.69 earnings per share for the current year.

In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $88.50, for a total transaction of $132,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.12% of the company’s stock.

A number of institutional investors have recently made changes to their positions in RGLD. Amundi Pioneer Asset Management Inc. purchased a new position in Royal Gold during the fourth quarter worth approximately $18,763,000. KBC Group NV lifted its position in Royal Gold by 5,094.1% during the third quarter. KBC Group NV now owns 94,480 shares of the basic materials company’s stock worth $8,129,000 after buying an additional 92,661 shares in the last quarter. APG Asset Management N.V. purchased a new position in Royal Gold during the fourth quarter worth approximately $3,283,000. Mackenzie Financial Corp raised its position in Royal Gold by 245.5% in the third quarter. Mackenzie Financial Corp now owns 67,378 shares of the basic materials company’s stock valued at $5,797,000 after purchasing an additional 47,878 shares during the period. Finally, TD Asset Management Inc. purchased a new stake in Royal Gold in the third quarter valued at $3,878,000. Hedge funds and other institutional investors own 77.66% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Royal Gold (RGLD) Upgraded by UBS Group to Outperform” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2018/03/14/royal-gold-rgld-upgraded-by-ubs-group-to-outperform.html.

Royal Gold Company Profile

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.

The Fly

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.