Royal Gold (NASDAQ:RGLD) Stock Price Expected to Rise, UBS Group Analyst Says

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price target upped by investment analysts at UBS Group from $280.00 to $285.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. UBS Group’s price target points to a potential upside of 23.96% from the stock’s current price.

Several other research firms have also recently issued reports on RGLD. National Bank Financial cut their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Weiss Ratings lowered Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Royal Bank Of Canada reduced their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group decreased their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold has an average rating of “Hold” and an average target price of $280.73.

Royal Gold Trading Up 5.4%

NASDAQ:RGLD traded up $11.81 during midday trading on Friday, reaching $229.92. 848,919 shares of the stock traded hands, compared to its average volume of 901,553. The company has a fifty day moving average of $204.39 and a 200 day moving average of $239.89. Royal Gold has a 12 month low of $164.13 and a 12 month high of $306.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The stock has a market capitalization of $19.51 billion, a P/E ratio of 25.10, a PEG ratio of 1.57 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) 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 12.86%. The business had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter last year, the firm earned $1.81 EPS. The company’s revenue was up 114.9% on a year-over-year basis. On average, research analysts predict that Royal Gold will post 10.38 EPS for the current year.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares in the company, valued at $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Axiom Investment Management LLC purchased a new position in shares of Royal Gold in the 1st quarter valued at approximately $25,000. Grove Bank & Trust grew its stake in Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 62 shares during the period. Elyxium Wealth LLC bought a new position in Royal Gold in the fourth quarter worth $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold in the fourth quarter worth $27,000. Finally, V Square Quantitative Management LLC purchased a new position in Royal Gold during the fourth quarter valued at $30,000. Institutional investors own 83.65% of the company’s stock.

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.