Royal Gold, Inc. (NASDAQ:RGLD) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $289.64.

Several brokerages have recently issued reports on RGLD. Scotiabank reissued a “sector perform” rating and issued a $310.00 price target on shares of Royal Gold in a report on Tuesday, July 14th. Royal Bank Of Canada raised their price objective on Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. TD boosted their target price on Royal Gold from $289.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, September 18th. Finally, UBS Group increased their price target on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the transaction, the senior vice president directly owned 8,082 shares of the company’s stock, valued at $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RGLD. Bank of Nova Scotia lifted its holdings in Royal Gold by 2.9% during the 1st quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 43 shares during the last quarter. Apollon Wealth Management LLC increased its position in Royal Gold by 1.5% during the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after buying an additional 44 shares during the period. Hilltop Holdings Inc. lifted its holdings in shares of Royal Gold by 0.6% during the first quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after buying an additional 46 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of Royal Gold by 3.3% during the first quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock worth $380,000 after buying an additional 47 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Royal Gold by 0.6% in the first quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock valued at $2,191,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $252.49 on Tuesday. The business’s 50-day moving average price is $237.34 and its two-hundred day moving average price is $232.69. Royal Gold has a 1-year low of $168.88 and a 1-year high of $306.25. The firm has a market capitalization of $21.39 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.90 and a beta of 0.50. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s revenue for the quarter was up 114.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.81 earnings per share. On average, equities analysts expect that Royal Gold will post 10.26 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.4750 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 2nd. Royal Gold’s payout ratio is currently 20.74%.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to purchase a portion of the metals produced from certain projects at predetermined prices, or to receive revenue-based payments tied to mineral production.

Royal Gold’s portfolio is organized into two primary businesses: streams and royalties. Its streaming agreements generally provide rights to purchase gold, silver, copper or other metals from mining operations, while its royalty interests entitle the company to a percentage of revenue or production from a mine without bearing the operator’s ongoing costs.