Royal Gold, Inc Expected to Earn Q1 2019 Earnings of $0.44 Per Share (RGLD)

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) traded down $0.51 on Monday, reaching $82.74. 452,100 shares of the company’s stock traded hands, compared to its average volume of 643,380. The company has a quick ratio of 3.80, a current ratio of 3.98 and a debt-to-equity ratio of 0.21. The company has a market cap of $5,449.15, a PE ratio of 94.02, a P/E/G ratio of 4.94 and a beta of 0.61. Royal Gold has a 1-year low of $61.00 and a 1-year high of $94.39.

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.

Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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