Royal Gold, Inc. (NASDAQ:RGLD) Receives $168.86 Average Target Price from Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have earned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $168.86.

RGLD has been the topic of a number of research reports. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James increased their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, TD Securities increased their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $147.00 on Monday. The business’s 50-day moving average is $140.29 and its 200 day moving average is $142.22. Royal Gold has a 1 year low of $101.94 and a 1 year high of $155.64. The firm has a market capitalization of $9.67 billion, a P/E ratio of 29.17, a P/E/G ratio of 3.42 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, analysts expect that Royal Gold will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. Royal Gold’s payout ratio is 35.71%.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Royal Gold

A number of hedge funds have recently bought and sold shares of the business. Capital World Investors boosted its position in Royal Gold by 0.4% during the fourth quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company’s stock worth $1,156,842,000 after purchasing an additional 37,648 shares in the last quarter. Vanguard Group Inc. boosted its position in Royal Gold by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company’s stock worth $877,058,000 after purchasing an additional 89,298 shares in the last quarter. Van ECK Associates Corp boosted its position in Royal Gold by 1.1% during the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock worth $553,810,000 after purchasing an additional 39,394 shares in the last quarter. Geode Capital Management LLC boosted its position in Royal Gold by 2.6% during the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock worth $185,454,000 after purchasing an additional 33,151 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Royal Gold by 19.6% during the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock worth $135,730,000 after purchasing an additional 168,569 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

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.