Shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) have been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $113.63.
A number of research firms recently issued reports on RGLD. BidaskClub cut Royal Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. ValuEngine raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Raymond James upped their price target on Royal Gold from $107.00 to $111.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Barclays downgraded Royal Gold from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $88.00 to $105.00 in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Royal Gold in a research report on Sunday, August 11th.
NASDAQ RGLD traded up $0.75 during trading hours on Thursday, reaching $123.96. 499,930 shares of the company’s stock were exchanged, compared to its average volume of 483,684. The company’s 50-day moving average is $128.07 and its two-hundred day moving average is $104.92. Royal Gold has a one year low of $70.16 and a one year high of $138.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.26 and a current ratio of 4.60. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 85.49, a price-to-earnings-growth ratio of 4.77 and a beta of 0.15.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 73.10%.
In other Royal Gold news, VP Mark Isto sold 2,497 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $135.00, for a total transaction of $337,095.00. Following the completion of the transaction, the vice president now owns 24,442 shares of the company’s stock, valued at approximately $3,299,670. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Bruce Christopher Kirchhoff sold 1,417 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $127.16, for a total value of $180,185.72. Following the transaction, the vice president now directly owns 48,826 shares of the company’s stock, valued at approximately $6,208,714.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,603 shares of company stock valued at $11,107,708. Insiders own 0.95% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Royal Gold by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 7,230,223 shares of the basic materials company’s stock valued at $741,024,000 after buying an additional 251,565 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Royal Gold by 12.7% in the 1st quarter. Clearbridge Investments LLC now owns 764,539 shares of the basic materials company’s stock valued at $69,520,000 after buying an additional 86,116 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Royal Gold by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 681,646 shares of the basic materials company’s stock valued at $58,382,000 after buying an additional 40,512 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Royal Gold in the 2nd quarter valued at approximately $45,477,000. Finally, Invesco Ltd. boosted its holdings in shares of Royal Gold by 353.5% in the 2nd quarter. Invesco Ltd. now owns 350,177 shares of the basic materials company’s stock valued at $35,890,000 after buying an additional 272,966 shares during the last quarter. 78.19% of the stock is owned by institutional investors.
About Royal Gold
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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