Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Analysts at B. Riley lifted their Q3 2020 earnings per share estimates for Royal Gold in a research report issued to clients and investors on Tuesday, February 11th. B. Riley analyst A. Graf now forecasts that the basic materials company will post earnings of $0.81 per share for the quarter, up from their prior estimate of $0.79. B. Riley currently has a “Neutral” rating and a $122.00 target price on the stock.
RGLD has been the subject of a number of other reports. TheStreet cut Royal Gold from a “b” rating to a “c+” rating in a research report on Friday, February 7th. Barclays reaffirmed a “sell” rating and issued a $107.00 price objective on shares of Royal Gold in a research report on Thursday, December 12th. National Bank Financial raised their price objective on Royal Gold from $130.00 to $140.00 and gave the company a “sector perform” rating in a research report on Friday, January 10th. Raymond James reaffirmed a “market perform” rating and issued a $120.00 price objective on shares of Royal Gold in a research report on Friday, February 7th. Finally, Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Monday, December 23rd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $118.50.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). Royal Gold had a net margin of 35.69% and a return on equity of 6.25%. The business had revenue of $123.60 million during the quarter, compared to analyst estimates of $130.34 million. During the same period in the previous year, the business earned $0.36 earnings per share. The business’s quarterly revenue was up 26.6% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in RGLD. Huntington National Bank increased its stake in Royal Gold by 20,000.0% during the 4th quarter. Huntington National Bank now owns 201 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Liberty Wealth Management LLC increased its stake in shares of Royal Gold by 108.5% in the 3rd quarter. Liberty Wealth Management LLC now owns 221 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 115 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Royal Gold by 66.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 250 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Raab & Moskowitz Asset Management LLC bought a new position in shares of Royal Gold in the 4th quarter valued at $41,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Royal Gold by 59.3% in the 4th quarter. Quadrant Capital Group LLC now owns 352 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 79.41% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.27. Royal Gold’s dividend payout ratio (DPR) is 77.24%.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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