Royal Gold, Inc. (NASDAQ:RGLD) Receives $280.30 Average Price Target from Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $280.2727.

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Royal Bank Of Canada cut their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Scotiabank reiterated a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research report on Tuesday. UBS Group lowered their price objective on Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group dropped their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Institutional Trading of Royal Gold

Hedge funds have recently made changes to their positions in the company. Axiom Investment Management LLC purchased a new stake in shares of Royal Gold during the 1st quarter valued at approximately $25,000. Grove Bank & Trust grew its position in Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 62 shares during the period. Elyxium Wealth LLC acquired a new stake in Royal Gold during the fourth quarter worth $27,000. Gen Wealth Partners Inc acquired a new stake in Royal Gold during the fourth quarter worth $27,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Royal Gold in the third quarter valued at $29,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $193.02 on Thursday. The company’s 50-day moving average price is $213.89 and its 200-day moving average price is $244.36. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $16.38 billion, a P/E ratio of 23.01, a P/E/G ratio of 1.36 and a beta of 0.44. Royal Gold has a twelve month low of $150.75 and a twelve month high of $306.25.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 1.0%. Royal Gold’s payout ratio is presently 22.65%.

About Royal Gold

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.