Q1 2024 Earnings Forecast for Royal Gold, Inc. (NASDAQ:RGLD) Issued By National Bank Financial

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Research analysts at National Bank Financial increased their Q1 2024 EPS estimates for shares of Royal Gold in a research note issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.87. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $4.32 per share.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. Jefferies Financial Group started coverage on Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. Finally, Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Gold has a consensus rating of “Hold” and a consensus price target of $143.25.

Royal Gold Price Performance

Shares of RGLD opened at $120.41 on Monday. Royal Gold has a 12-month low of $100.55 and a 12-month high of $147.82. The business’s fifty day moving average is $113.87 and its 200 day moving average is $114.54. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7.91 billion, a P/E ratio of 33.10, a P/E/G ratio of 6.32 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The company had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis.

Institutional Investors Weigh In On Royal Gold

Large investors have recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in Royal Gold by 0.6% during the 4th quarter. Capital World Investors now owns 8,169,223 shares of the basic materials company’s stock valued at $988,149,000 after buying an additional 47,807 shares in the last quarter. Vanguard Group Inc. grew its holdings in Royal Gold by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,643,568 shares of the basic materials company’s stock valued at $803,606,000 after buying an additional 22,921 shares in the last quarter. Van ECK Associates Corp grew its holdings in Royal Gold by 0.5% during the 4th quarter. Van ECK Associates Corp now owns 4,303,377 shares of the basic materials company’s stock valued at $520,536,000 after buying an additional 22,701 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Royal Gold by 1.0% during the 4th quarter. First Eagle Investment Management LLC now owns 3,667,169 shares of the basic materials company’s stock valued at $443,581,000 after buying an additional 37,885 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Royal Gold by 0.5% during the 3rd quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company’s stock valued at $74,339,000 after buying an additional 3,541 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s payout ratio is 43.96%.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.