FY2027 Earnings Forecast for Royal Gold Issued By Scotiabank

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Equities researchers at Scotiabank cut their FY2027 earnings per share (EPS) estimates for shares of Royal Gold in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings of $11.87 per share for the year, down from their previous forecast of $11.92. Scotiabank currently 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 $10.66 per share.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 4th. The basic materials company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.03. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%. The firm had revenue of $464.77 million for the quarter, compared to analyst estimates of $459.84 million. During the same quarter in the prior year, the company earned $2.06 EPS. Royal Gold’s revenue was up 84.4% on a year-over-year basis.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings raised Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $336.00 price objective on shares of Royal Gold in a research note on Tuesday, October 20th. TD decreased their price objective on Royal Gold from $315.00 to $311.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. UBS Group lifted their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $309.56.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $246.08 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The business’s fifty day moving average price is $244.53 and its two-hundred day moving average price is $241.24. The stock has a market cap of $20.85 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.67 and a beta of 0.46. Royal Gold has a one year low of $169.54 and a one year high of $306.25.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were paid a dividend of $0.4750 per share. The ex-dividend date of this dividend was 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 is currently 20.74%.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the transaction, the senior vice president directly owned 8,082 shares in the company, valued at $2,123,949.60. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royal Gold

A number of institutional investors have recently bought and sold shares of the stock. Axiom Investment Management LLC purchased a new position in Royal Gold during the first quarter worth approximately $25,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Gold during the 1st quarter valued at $32,000. Eastern Bank grew its stake in shares of Royal Gold by 622.2% during the 3rd quarter. Eastern Bank now owns 130 shares of the basic materials company’s stock valued at $31,000 after buying an additional 112 shares during the period. Grove Bank & Trust increased its holdings in shares of Royal Gold by 88.6% during the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Finally, Lodestone Wealth Management LLC increased its holdings in shares of Royal Gold by 50.5% during the 3rd quarter. Lodestone Wealth Management LLC now owns 149 shares of the basic materials company’s stock worth $35,000 after buying an additional 50 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.