Royal Gold (NASDAQ:RGLD) Research Coverage Started at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a research report report published on Wednesday. The firm issued a market perform rating and a $196.00 target price on the basic materials company’s stock.

A number of other research firms have also issued reports on RGLD. Royal Bank of Canada lowered their target price on Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Scotiabank upgraded shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Raymond James boosted their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.00.

Royal Gold Trading Down 0.8 %

Shares of NASDAQ:RGLD opened at $184.90 on Wednesday. The company has a 50 day moving average of $157.56 and a 200-day moving average of $147.64. The firm has a market cap of $12.17 billion, a P/E ratio of 36.69, a P/E/G ratio of 3.42 and a beta of 0.77. Royal Gold has a twelve month low of $118.00 and a twelve month high of $191.22.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Equities research analysts forecast that Royal Gold will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is currently 35.71%.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the company’s 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 transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Royal Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. BCS Wealth Management boosted its holdings in shares of Royal Gold by 0.3% during the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company’s stock worth $3,385,000 after purchasing an additional 63 shares during the period. GoalVest Advisory LLC lifted its position in Royal Gold by 5.2% in the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company’s stock worth $246,000 after buying an additional 75 shares in the last quarter. Veracity Capital LLC boosted its stake in shares of Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock valued at $209,000 after buying an additional 76 shares during the period. Savant Capital LLC grew its holdings in shares of Royal Gold by 0.4% during the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock valued at $2,784,000 after acquiring an additional 93 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock worth $1,700,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

About Royal Gold

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.