Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $71.91 and last traded at $72.84, with a volume of 11408 shares traded. The stock had previously closed at $72.94.

Several research analysts recently commented on the company. BidaskClub upgraded Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine lowered Royal Gold from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. Zacks Investment Research lowered Royal Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Scotiabank set a $88.00 price target on Royal Gold and gave the stock a “hold” rating in a research report on Thursday, August 9th. Finally, Canaccord Genuity set a $102.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $98.95.

The stock has a market cap of $4.85 billion, a PE ratio of 41.01, a P/E/G ratio of 3.75 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.27.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 8th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The business had revenue of $116.20 million during the quarter, compared to analyst estimates of $115.57 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. analysts forecast that Royal Gold, Inc will post 1.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Royal Gold’s dividend payout ratio (DPR) is presently 56.82%.

In other Royal Gold news, Director Jamie C. Sokalsky bought 2,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was acquired at an average price of $77.25 per share, for a total transaction of $154,500.00. Following the completion of the transaction, the director now directly owns 9,200 shares of the company’s stock, valued at $710,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Tony A. Jensen sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $95.11, for a total value of $1,902,200.00. The disclosure for this sale can be found here. Insiders have sold 36,931 shares of company stock valued at $3,463,106 in the last 90 days. Company insiders own 1.12% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in shares of Royal Gold by 11.6% in the second quarter. Van ECK Associates Corp now owns 3,830,976 shares of the basic materials company’s stock valued at $355,668,000 after purchasing an additional 399,288 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Royal Gold by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 733,778 shares of the basic materials company’s stock valued at $68,118,000 after purchasing an additional 11,711 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Royal Gold by 0.9% in the first quarter. Gabelli Funds LLC now owns 691,200 shares of the basic materials company’s stock valued at $59,353,000 after purchasing an additional 6,500 shares during the period. FMR LLC boosted its holdings in shares of Royal Gold by 36.4% in the second quarter. FMR LLC now owns 537,267 shares of the basic materials company’s stock valued at $49,880,000 after purchasing an additional 143,400 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Royal Gold by 2.9% in the first quarter. Principal Financial Group Inc. now owns 286,129 shares of the basic materials company’s stock valued at $24,570,000 after purchasing an additional 8,102 shares during the period. Hedge funds and other institutional investors own 74.89% of the company’s stock.

About Royal Gold (NASDAQ:RGLD)

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.

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