Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently weighed in on the stock. Barclays reduced their price target on shares of Royal Gold from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 14th. TD Securities cut shares of Royal Gold from a “buy” rating to a “hold” rating and reduced their price target for the stock from $97.00 to $88.00 in a research report on Friday, November 2nd. Raymond James set a $94.00 price target on shares of Royal Gold and gave the stock a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, October 26th. Finally, ValuEngine upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $95.86.

Royal Gold stock opened at $76.00 on Friday. The company has a market cap of $4.98 billion, a PE ratio of 43.18, a P/E/G ratio of 5.16 and a beta of 0.43. The company has a current ratio of 4.27, a quick ratio of 4.00 and a debt-to-equity ratio of 0.17. Royal Gold has a 1 year low of $70.16 and a 1 year high of $98.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.14). The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $98.88 million. Royal Gold had a negative net margin of 28.39% and a positive return on equity of 4.66%. The company’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. As a group, analysts anticipate that Royal Gold will post 1.47 earnings per share for the current fiscal year.

In other news, Director Sybil E. Veenman acquired 500 shares of the company’s stock in a transaction on Wednesday, September 26th. The stock was bought at an average cost of $78.11 per share, with a total value of $39,055.00. Following the completion of the purchase, the director now directly owns 2,515 shares of the company’s stock, valued at $196,446.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jamie C. Sokalsky acquired 2,000 shares of the company’s stock in a transaction on Monday, September 17th. The shares were purchased at an average cost of $77.18 per share, with a total value of $154,360.00. Following the completion of the purchase, the director now directly owns 10,185 shares of the company’s stock, valued at $786,078.30. The disclosure for this purchase can be found here. 0.95% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RGLD. Amalgamated Bank boosted its stake in shares of Royal Gold by 4.4% during the second quarter. Amalgamated Bank now owns 14,205 shares of the basic materials company’s stock valued at $1,319,000 after purchasing an additional 600 shares during the period. Belpointe Asset Management LLC boosted its stake in shares of Royal Gold by 14.6% during the second quarter. Belpointe Asset Management LLC now owns 4,738 shares of the basic materials company’s stock valued at $440,000 after purchasing an additional 605 shares during the period. Violich Capital Management Inc. boosted its stake in shares of Royal Gold by 14.1% during the second quarter. Violich Capital Management Inc. now owns 5,505 shares of the basic materials company’s stock valued at $511,000 after purchasing an additional 680 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Royal Gold by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,252 shares of the basic materials company’s stock valued at $2,344,000 after purchasing an additional 736 shares during the period. Finally, Squar Milner Financial Services LLC boosted its stake in shares of Royal Gold by 41.6% during the third quarter. Squar Milner Financial Services LLC now owns 2,696 shares of the basic materials company’s stock valued at $208,000 after purchasing an additional 792 shares during the period. 75.78% of the stock is owned by institutional investors.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related 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, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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