Royal Gold, Inc. (NASDAQ:RGLD) Given Average Recommendation of “Hold” by Brokerages

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has earned an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $168.86.

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

Insider Activity

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. This represents a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William M. Hayes sold 1,984 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the transaction, the director now directly owns 9,268 shares of the company’s stock, valued at $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its position in Royal Gold by 187.5% during the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after buying an additional 83,015 shares in the last quarter. Verition Fund Management LLC boosted its position in Royal Gold by 213.1% during the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock valued at $1,130,000 after purchasing an additional 5,480 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Royal Gold during the 3rd quarter worth approximately $1,201,000. Cerity Partners LLC raised its stake in shares of Royal Gold by 114.5% during the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock worth $4,527,000 after purchasing an additional 17,227 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Royal Gold by 35.3% in the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock valued at $25,074,000 after buying an additional 46,615 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 1.1 %

Shares of RGLD stock opened at $137.46 on Thursday. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 0.84 and a beta of 0.90. Royal Gold has a 12 month low of $100.55 and a 12 month high of $155.10. The stock has a 50-day moving average price of $140.01 and a 200 day moving average price of $140.58.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The business 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 posted $0.76 earnings per share. Royal Gold’s revenue for the quarter was up 39.8% compared to the same quarter last year. Sell-side analysts predict that Royal Gold will post 5.16 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.31%. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 3rd. Royal Gold’s dividend payout ratio is presently 41.28%.

About Royal Gold

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.