Royal Gold, Inc. (NASDAQ:RGLD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $168.86.

Several research firms have commented on RGLD. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and boosted their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. TD Securities increased their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Raymond James boosted their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

Insider Buying and Selling at Royal Gold

In related news, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the transaction, the director now directly owns 9,268 shares in the company, valued at $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Royal Gold by 6,618.5% in the second quarter. Farther Finance Advisors LLC now owns 1,814 shares of the basic materials company’s stock worth $227,000 after acquiring an additional 1,787 shares during the last quarter. Natixis Advisors LLC acquired a new position in Royal Gold during the 2nd quarter valued at approximately $1,673,000. Arizona State Retirement System grew its stake in Royal Gold by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 18,402 shares of the basic materials company’s stock worth $2,303,000 after buying an additional 348 shares during the last quarter. Private Advisor Group LLC increased its position in Royal Gold by 2.5% in the second quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company’s stock worth $712,000 after buying an additional 141 shares during the period. Finally, Savant Capital LLC lifted its stake in Royal Gold by 1.2% in the second quarter. Savant Capital LLC now owns 20,699 shares of the basic materials company’s stock valued at $2,591,000 after buying an additional 247 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD opened at $134.68 on Friday. The stock has a 50-day simple moving average of $141.79 and a 200-day simple moving average of $139.81. The stock has a market capitalization of $8.86 billion, a P/E ratio of 30.89, a PEG ratio of 1.08 and a beta of 0.90. Royal Gold has a 1 year low of $100.55 and a 1 year high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same period in the previous year, the firm earned $0.76 earnings per share. Royal Gold’s revenue for the quarter was up 39.8% on a year-over-year basis. Analysts predict that Royal Gold will post 5.14 earnings per share for the current year.

Royal Gold Increases Dividend

The business 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 $0.45 dividend. The ex-dividend date is Friday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.34%. Royal Gold’s dividend payout ratio is currently 41.28%.

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.