Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price objective reduced by analysts at Raymond James from $99.00 to $98.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the basic materials company’s stock. Raymond James’ target price would indicate a potential upside of 27.19% from the stock’s current price.

Other analysts also recently issued reports about the company. Canaccord Genuity set a $102.00 price target on Royal Gold and gave the company a “buy” rating in a report on Tuesday, July 24th. ValuEngine cut shares of Royal Gold from a “hold” rating to a “sell” rating in a report on Friday, August 17th. National Bank Financial cut their target price on shares of Royal Gold from $102.50 to $97.50 and set a “sector perform” rating on the stock in a report on Saturday, July 14th. BidaskClub cut Royal Gold from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Monday, July 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Royal Gold presently has a consensus rating of “Hold” and a consensus target price of $98.86.

NASDAQ RGLD traded up $2.82 on Monday, hitting $77.05. 34,614 shares of the company’s stock were exchanged, compared to its average volume of 508,014. The company has a current ratio of 2.45, a quick ratio of 2.27 and a debt-to-equity ratio of 0.16. Royal Gold has a fifty-two week low of $71.91 and a fifty-two week high of $98.53. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 43.74, a PEG ratio of 3.84 and a beta of 0.35.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 8th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The firm had revenue of $116.20 million for the quarter, compared to analyst estimates of $115.57 million. During the same quarter in the prior year, the company earned $0.31 EPS. Royal Gold’s revenue was up 6.7% on a year-over-year basis. equities analysts forecast that Royal Gold will post 1.94 earnings per share for the current fiscal year.

In other Royal Gold news, Director Jamie C. Sokalsky bought 2,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average price of $77.25 per share, with a total value of $154,500.00. Following the completion of the purchase, the director now directly owns 9,200 shares in the company, valued at approximately $710,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William Holmes Heissenbuttel sold 6,480 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $91.91, for a total transaction of $595,576.80. Following the completion of the sale, the vice president now directly owns 80,032 shares in the company, valued at approximately $7,355,741.12. The disclosure for this sale can be found here. In the last three months, insiders sold 36,931 shares of company stock worth $3,463,106. 1.12% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its position in shares of Royal Gold by 11.6% during the second quarter. Van ECK Associates Corp now owns 3,830,976 shares of the basic materials company’s stock worth $355,668,000 after purchasing an additional 399,288 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 buying an additional 11,711 shares during the period. Gabelli Funds LLC lifted its holdings in 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 buying an additional 6,500 shares during the period. FMR LLC lifted its holdings in 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 buying an additional 143,400 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in 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 buying an additional 8,102 shares during the period. Hedge funds and other institutional investors own 74.89% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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