RGLD has been the topic of a number of other reports. Canaccord Genuity reissued a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a research note on Monday, February 6th. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, February 8th. Barclays PLC reissued an “overweight” rating and issued a $83.00 target price (up from $82.00) on shares of Royal Gold in a research note on Saturday, April 22nd. BMO Capital Markets reissued a “buy” rating and issued a $88.00 target price on shares of Royal Gold in a research note on Friday, March 31st. Finally, FBR & Co increased their target price on Royal Gold from $80.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $88.21.
Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Analysts at National Bank Financial lowered their FY2019 earnings per share estimates for Royal Gold in a research report issued to clients and investors on Thursday. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $1.50 for the year, down from their previous estimate of $1.72. National Bank Financial currently has a “Sector Perform” rating and a $82.50 price objective on the stock. National Bank Financial also issued estimates for Royal Gold’s FY2020 earnings at $1.98 EPS.
Shares of Royal Gold (NASDAQ:RGLD) traded up 2.311% during trading on Monday, reaching $80.365. The company’s stock had a trading volume of 438,419 shares. The firm has a market cap of $5.24 billion, a P/E ratio of 51.351 and a beta of 0.53. Royal Gold has a one year low of $51.76 and a one year high of $87.74. The stock’s 50 day moving average is $71.86 and its 200 day moving average is $68.94. The company also recently announced a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Friday, April 7th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, April 5th. Royal Gold’s dividend payout ratio is 564.71%.
In other Royal Gold news, VP William Holmes Heissenbuttel sold 10,067 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $63.26, for a total value of $636,838.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stefan Wenger sold 2,000 shares of the stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $75.00, for a total value of $150,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 15,567 shares of company stock worth $1,034,938. 1.37% of the stock is owned by corporate insiders. Several hedge funds and other institutional investors have recently bought and sold shares of RGLD. Meadow Creek Investment Management LLC increased its position in Royal Gold by 6.2% in the first quarter. Meadow Creek Investment Management LLC now owns 1,648 shares of the basic materials company’s stock valued at $115,000 after buying an additional 96 shares during the period. Sei Investments Co. increased its position in Royal Gold by 34.4% in the third quarter. Sei Investments Co. now owns 1,829 shares of the basic materials company’s stock valued at $142,000 after buying an additional 468 shares during the period. DekaBank Deutsche Girozentrale increased its position in Royal Gold by 926.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,940 shares of the basic materials company’s stock valued at $153,000 after buying an additional 1,751 shares during the period. Neuburgh Advisers LLC increased its position in Royal Gold by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,266 shares of the basic materials company’s stock valued at $159,000 after buying an additional 132 shares during the period. Finally, Hexavest Inc. bought a new position in Royal Gold during the first quarter valued at approximately $166,000. 68.94% of the stock is currently owned by hedge funds and other institutional investors.
Royal Gold Company Profile Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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