Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price objective decreased by National Bank Financial from $135.00 to $130.00 in a research note issued to investors on Monday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald raised Royal Gold from a hold rating to a buy rating in a research note on Thursday, November 7th. Royal Bank of Canada restated a hold rating on shares of Royal Gold in a report on Sunday, August 11th. TD Securities dropped their target price on Royal Gold from $135.00 to $125.00 and set a hold rating on the stock in a report on Friday, November 8th. ValuEngine lowered Royal Gold from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, B. Riley lowered Royal Gold from a buy rating to a neutral rating and dropped their target price for the company from $127.10 to $122.00 in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $112.88.

NASDAQ RGLD opened at $117.44 on Monday. The business has a 50 day simple moving average of $119.36 and a 200 day simple moving average of $112.11. Royal Gold has a one year low of $71.13 and a one year high of $138.78. The stock has a market capitalization of $7.73 billion, a P/E ratio of 80.99, a P/E/G ratio of 4.68 and a beta of 0.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.07 and a quick ratio of 4.74.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Royal Gold had a return on equity of 5.51% and a net margin of 33.78%. The business had revenue of $118.77 million during the quarter, compared to analysts’ expectations of $129.47 million. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue was up 18.8% on a year-over-year basis. Equities analysts expect that Royal Gold will post 2.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.28 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, January 2nd. Royal Gold’s dividend payout ratio (DPR) is 73.10%.

In related news, VP Mark Isto sold 2,497 shares of Royal Gold stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $135.00, for a total transaction of $337,095.00. Following the sale, the vice president now directly owns 24,442 shares in the company, valued at $3,299,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce Christopher Kirchhoff sold 1,593 shares of Royal Gold stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $132.72, for a total value of $211,422.96. Following the sale, the vice president now owns 43,450 shares in the company, valued at $5,766,684. The disclosure for this sale can be found here. Insiders have sold 19,074 shares of company stock worth $2,557,573 over the last quarter. 0.52% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH lifted its holdings in Royal Gold by 2.5% during the second quarter. Allianz Asset Management GmbH now owns 3,302 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 80 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Royal Gold by 66.7% in the third quarter. AdvisorNet Financial Inc now owns 250 shares of the basic materials company’s stock valued at $31,000 after buying an additional 100 shares during the period. LS Investment Advisors LLC raised its stake in shares of Royal Gold by 3.2% in the third quarter. LS Investment Advisors LLC now owns 3,298 shares of the basic materials company’s stock valued at $406,000 after buying an additional 102 shares during the period. Profund Advisors LLC raised its stake in shares of Royal Gold by 0.6% in the second quarter. Profund Advisors LLC now owns 16,438 shares of the basic materials company’s stock valued at $1,685,000 after buying an additional 103 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Royal Gold by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 15,759 shares of the basic materials company’s stock valued at $1,615,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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