FY2027 Earnings Forecast for Royal Gold Issued By Scotiabank

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Stock analysts at Scotiabank dropped their FY2027 EPS estimates for Royal Gold in a note issued to investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $11.92 for the year, down from their previous estimate of $12.05. Scotiabank has a “Sector Perform” rating and a $310.00 price target on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $10.33 per share.

Other equities analysts also recently issued research reports about the company. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. UBS Group upped their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada dropped their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group decreased their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $285.10.

Royal Gold Price Performance

NASDAQ:RGLD opened at $252.36 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. Royal Gold has a 52 week low of $168.88 and a 52 week high of $306.25. The stock’s 50-day moving average price is $209.14 and its 200-day moving average price is $236.44. The stock has a market capitalization of $21.38 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.87 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The company’s revenue was up 114.9% compared to the same quarter last year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is currently 20.74%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president owned 8,582 shares in the company, valued at $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RGLD. Bank of Nova Scotia grew its position in Royal Gold by 2.9% during the first quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 43 shares during the period. Apollon Wealth Management LLC increased its stake in Royal Gold by 1.5% during the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after acquiring an additional 44 shares during the last quarter. WPG Advisers LLC raised its holdings in shares of Royal Gold by 34.1% in the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 46 shares during the period. Hilltop Holdings Inc. lifted its stake in shares of Royal Gold by 0.6% in the 1st quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock valued at $1,891,000 after purchasing an additional 46 shares in the last quarter. Finally, Compound Planning Inc. lifted its stake in shares of Royal Gold by 3.3% in the 1st quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock valued at $380,000 after purchasing an additional 47 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.