Royal Gold Q3 EPS Increased by National Bank Financial

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Equities researchers at National Bank Financial boosted their Q3 2024 earnings per share (EPS) estimates for shares of Royal Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $1.35 per share for the quarter, up from their prior estimate of $1.06. The consensus estimate for Royal Gold’s current full-year earnings is $4.86 per share. National Bank Financial also issued estimates for Royal Gold’s FY2024 earnings at $5.10 EPS and FY2025 earnings at $6.06 EPS.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The company had revenue of $174.10 million for the quarter, compared to analysts’ expectations of $172.12 million. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group lifted their price objective on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. BMO Capital Markets boosted their price objective on Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Cibc World Mkts raised Royal Gold to a “hold” rating in a report on Wednesday, July 10th. Scotiabank upped their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, CIBC upped their price objective on Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $158.86.

Royal Gold Stock Down 0.7 %

RGLD opened at $151.15 on Friday. The firm has a market cap of $9.94 billion, a PE ratio of 41.41, a P/E/G ratio of 1.30 and a beta of 0.90. The business has a fifty day simple moving average of $141.74 and a 200-day simple moving average of $132.85. Royal Gold has a fifty-two week low of $100.55 and a fifty-two week high of $155.10.

Institutional Trading of Royal Gold

Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its position in Royal Gold by 1,800.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock valued at $2,306,000 after acquiring an additional 18,344 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Royal Gold by 151.2% during the first quarter. BNP Paribas Financial Markets now owns 24,941 shares of the basic materials company’s stock valued at $3,037,000 after purchasing an additional 15,012 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Royal Gold by 36.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock valued at $6,746,000 after purchasing an additional 14,675 shares during the period. Norden Group LLC acquired a new position in shares of Royal Gold during the first quarter valued at about $3,315,000. Finally, Tidal Investments LLC raised its holdings in shares of Royal Gold by 165.0% during the first quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock valued at $1,294,000 after purchasing an additional 6,616 shares during the period. Institutional investors own 83.65% of the company’s stock.

Insider Activity

In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the transaction, the director now directly owns 8,194 shares in the company, valued at $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the sale, the senior vice president now owns 7,430 shares of the company’s stock, valued at $1,042,503.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the sale, the director now directly owns 8,194 shares in the company, valued at approximately $1,154,124.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,355 shares of company stock worth $1,170,315. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.06%. Royal Gold’s dividend payout ratio (DPR) is presently 43.84%.

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.