Brokerages Set Royal Gold, Inc. (NASDAQ:RGLD) Price Target at $251.50

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $251.50.

A number of brokerages have recently commented on RGLD. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd.

Hedge Funds Weigh In On Royal Gold

Several institutional investors have recently bought and sold shares of RGLD. Elyxium Wealth LLC bought a new stake in Royal Gold during the 4th quarter valued at $27,000. Gen Wealth Partners Inc purchased a new stake in shares of Royal Gold during the 4th quarter worth $27,000. Vermillion & White Wealth Management Group LLC bought a new stake in Royal Gold during the third quarter valued at about $29,000. Trust Co. of Toledo NA OH purchased a new position in Royal Gold in the fourth quarter valued at about $30,000. Finally, V Square Quantitative Management LLC bought a new position in Royal Gold in the fourth quarter worth about $30,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $286.10 on Monday. The stock’s fifty day moving average is $249.61 and its two-hundred day moving average is $206.95. The company has a market capitalization of $24.15 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 0.81 and a beta of 0.49. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. Royal Gold has a 52 week low of $142.95 and a 52 week high of $306.25.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a $0.475 dividend. The ex-dividend date was Friday, January 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s dividend payout ratio (DPR) is presently 26.10%.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.