Royal Gold (NASDAQ:RGLD) Price Target Raised to $215.00 at CIBC

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price target lifted by stock analysts at CIBC from $202.00 to $215.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. CIBC’s price target points to a potential upside of 16.62% from the company’s previous close.

Several other equities research analysts have also weighed in on RGLD. Scotiabank upgraded shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. Royal Bank of Canada reduced their price objective on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. BMO Capital Markets assumed coverage on Royal Gold in a research report on Wednesday, April 16th. They issued a “market perform” rating and a $196.00 target price on the stock. Finally, Raymond James boosted their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of “Moderate Buy” and an average price target of $183.00.

Royal Gold Stock Up 3.2 %

NASDAQ:RGLD opened at $184.36 on Thursday. Royal Gold has a 52 week low of $119.72 and a 52 week high of $191.78. The company has a market cap of $12.13 billion, a PE ratio of 36.58, a P/E/G ratio of 3.42 and a beta of 0.48. The business’s 50 day moving average is $168.07 and its two-hundred day moving average is $151.80.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The firm’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. As a group, sell-side analysts expect that Royal Gold will post 6.2 EPS for the current fiscal year.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RGLD. PFG Investments LLC raised its stake in shares of Royal Gold by 0.9% during the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company’s stock worth $971,000 after purchasing an additional 54 shares in the last quarter. BCS Wealth Management increased its holdings in Royal Gold by 0.3% in the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company’s stock worth $3,385,000 after buying an additional 63 shares during the last quarter. NorthRock Partners LLC raised its position in Royal Gold by 4.5% during the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 68 shares in the last quarter. GoalVest Advisory LLC lifted its stake in Royal Gold by 5.2% in the first quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 75 shares during the last quarter. Finally, Veracity Capital LLC grew its position in Royal Gold by 5.0% in the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock worth $209,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

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.