BidaskClub upgraded shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from a sell rating to a hold rating in a research note released on Friday morning.

Several other equities research analysts also recently weighed in on RGLD. Scotiabank set a $88.00 price objective on shares of Royal Gold and gave the stock a hold rating in a report on Thursday, August 9th. ValuEngine downgraded shares of Royal Gold from a hold rating to a sell rating in a report on Friday, August 17th. Zacks Investment Research downgraded shares of Royal Gold from a hold rating to a sell rating in a report on Monday, September 17th. Raymond James reduced their price objective on shares of Royal Gold from $99.00 to $98.00 and set an outperform rating for the company in a report on Monday, September 17th. Finally, Barclays started coverage on shares of Royal Gold in a report on Wednesday, October 10th. They issued an equal weight rating and a $78.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $95.86.

RGLD stock traded up $2.14 during trading on Friday, hitting $78.44. The company had a trading volume of 490,102 shares, compared to its average volume of 361,813. The company has a market capitalization of $5.00 billion, a P/E ratio of 44.57, a PEG ratio of 5.18 and a beta of 0.46. Royal Gold has a fifty-two week low of $70.16 and a fifty-two week high of $98.53. The company has a quick ratio of 4.00, a current ratio of 4.27 and a debt-to-equity ratio of 0.17.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.35%. This is an increase from Royal Gold’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, January 3rd. Royal Gold’s dividend payout ratio is presently 56.82%.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Pinkerton Retirement Specialists LLC acquired a new stake in Royal Gold in the 3rd quarter valued at about $101,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Royal Gold during the 2nd quarter worth about $151,000. Titus Wealth Management acquired a new stake in Royal Gold during the 3rd quarter worth about $204,000. Squar Milner Financial Services LLC raised its holdings in Royal Gold by 41.6% during the 3rd quarter. Squar Milner Financial Services LLC now owns 2,696 shares of the basic materials company’s stock worth $208,000 after buying an additional 792 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in Royal Gold during the 2nd quarter worth about $220,000. 75.26% of the stock is owned by institutional investors.

About Royal Gold

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.

Read More: Return on Equity (ROE)

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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