Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Equities researchers at B. Riley increased their Q1 2019 EPS estimates for Royal Gold in a research note issued on Friday. B. Riley analyst L. Pipes now anticipates that the basic materials company will earn $0.44 per share for the quarter, up from their previous forecast of $0.43. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Royal Gold’s FY2019 earnings at $1.76 EPS.
Several other research firms have also recently issued reports on RGLD. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. TheStreet upgraded shares of Royal Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Royal Bank of Canada set a $89.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Canaccord Genuity restated a “buy” rating and set a $114.00 target price on shares of Royal Gold in a research note on Sunday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Royal Gold currently has an average rating of “Hold” and an average price target of $95.46.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $114.35 million for the quarter, compared to the consensus estimate of $114.79 million. Royal Gold had a net margin of 13.00% and a return on equity of 4.31%. Royal Gold’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS.
In other news, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 4,500 shares of company stock valued at $387,750 in the last ninety days. Insiders own 1.12% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in RGLD. Mountain Capital Investment Advisors Inc purchased a new stake in Royal Gold in the 2nd quarter worth approximately $109,000. Keeler Thomas Management LLC purchased a new stake in Royal Gold in the 4th quarter worth approximately $118,000. Exane Derivatives increased its holdings in Royal Gold by 4,900.0% in the 4th quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 1,470 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Royal Gold in the 3rd quarter worth approximately $174,000. Finally, Squar Milner Financial Services LLC purchased a new stake in Royal Gold in the 4th quarter worth approximately $212,000. 71.72% of the stock is owned by institutional investors.
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Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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