Royal Gold, Inc (RGLD) Receives Average Rating of “Hold” from Brokerages

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $95.50.

A number of equities analysts have recently issued reports on RGLD shares. TD Securities upped their price objective on Royal Gold from $94.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, February 26th. B. Riley upgraded Royal Gold from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $100.00 in a report on Monday, April 1st. Raymond James reiterated an “outperform” rating and issued a $95.00 price objective on shares of Royal Gold in a report on Friday, February 8th. BidaskClub upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Finally, Desjardins cut Royal Gold from a “buy” rating to a “hold” rating in a report on Friday, April 12th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of Royal Gold by 19.3% in the 4th quarter. Amalgamated Bank now owns 13,791 shares of the basic materials company’s stock valued at $1,181,000 after acquiring an additional 2,234 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at about $246,000. Texas Permanent School Fund lifted its stake in shares of Royal Gold by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 42,868 shares of the basic materials company’s stock valued at $3,672,000 after acquiring an additional 1,652 shares during the last quarter. Cordasco Financial Network lifted its stake in shares of Royal Gold by 72.4% in the 1st quarter. Cordasco Financial Network now owns 293 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 123 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Royal Gold by 3.8% in the 1st quarter. State of Alaska Department of Revenue now owns 42,296 shares of the basic materials company’s stock valued at $3,844,000 after acquiring an additional 1,532 shares during the last quarter. 79.03% of the stock is owned by institutional investors.

Royal Gold stock opened at $85.04 on Friday. Royal Gold has a 52 week low of $70.16 and a 52 week high of $98.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.39 and a quick ratio of 5.13. The stock has a market cap of $5.54 billion, a P/E ratio of 48.32, a price-to-earnings-growth ratio of 5.54 and a beta of 0.11.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Royal Gold had a return on equity of 4.36% and a net margin of 22.19%. The firm had revenue of $109.80 million during the quarter, compared to analysts’ expectations of $115.32 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. Royal Gold’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts predict that Royal Gold will post 1.53 earnings per share for the current fiscal year.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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