Royal Gold (NASDAQ:RGLD) Upgraded at StockNews.com

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

RGLD has been the topic of a number of other reports. Raymond James raised their price target on shares of Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research note on Friday, August 9th. Bank of America raised their target price on Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a research report on Wednesday, June 26th. Scotiabank lifted their price target on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. BMO Capital Markets raised their price objective on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group raised their price objective on Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $157.00.

Royal Gold Price Performance

Royal Gold stock opened at $139.14 on Thursday. The stock has a market capitalization of $9.15 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The business has a 50 day simple moving average of $136.84 and a 200-day simple moving average of $127.61. Royal Gold has a 12 month low of $100.55 and a 12 month high of $145.59.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $174.10 million during the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, equities research analysts anticipate that Royal Gold will post 4.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $132.16, for a total transaction of $132,160.00. Following the transaction, the director now owns 9,109 shares of the company’s stock, valued at approximately $1,203,845.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Ronald J. Vance sold 415 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the transaction, the director now directly owns 8,194 shares in the company, valued at $1,154,124.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction on Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now owns 9,109 shares in the company, valued at approximately $1,203,845.44. The disclosure for this sale can be found here. Insiders sold 8,355 shares of company stock valued at $1,170,315 in the last three months. 0.52% of the stock is currently owned by insiders.

Institutional Trading of Royal Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fidelis Capital Partners LLC acquired a new position in Royal Gold in the first quarter valued at about $36,000. Janiczek Wealth Management LLC boosted its position in shares of Royal Gold by 321.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 325 shares during the period. Fortis Group Advisors LLC increased its holdings in Royal Gold by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 223 shares during the last quarter. Quadrant Capital Group LLC raised its position in Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 116 shares during the period. Finally, Mather Group LLC. acquired a new position in Royal Gold during the second quarter worth $62,000. 83.65% of the stock is owned by institutional investors and hedge funds.

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.