Analysts Set Royal Gold, Inc. (NASDAQ:RGLD) Target Price at $158.86

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $158.86.

Several research analysts have recently issued reports on RGLD shares. Jefferies Financial Group raised their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank boosted their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. BMO Capital Markets raised their target price on Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Finally, Raymond James boosted their price target on Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a report on Friday, August 9th.

Royal Gold Trading Down 0.7 %

Shares of NASDAQ:RGLD opened at $151.15 on Tuesday. The stock has a market capitalization of $9.94 billion, a P/E ratio of 41.41, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The stock’s 50-day moving average price is $141.74 and its 200-day moving average price is $132.85. Royal Gold has a 12-month low of $100.55 and a 12-month high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The business had revenue of $174.10 million for the quarter, compared to analyst estimates of $172.12 million. During the same period last year, the company earned $0.88 EPS. Royal Gold’s revenue for the quarter was up 20.9% compared to the same quarter last year. As a group, research analysts predict that Royal Gold will post 4.86 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.40 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.06%. Royal Gold’s dividend payout ratio (DPR) is presently 43.84%.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the transaction, the senior vice president now owns 7,430 shares of the company’s stock, valued at approximately $1,042,503.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Paul Libner sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the sale, the chief financial officer now owns 18,657 shares of the company’s stock, valued at $2,659,182.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Randy Shefman sold 4,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction of $645,426.00. Following the transaction, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at $1,042,503.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,355 shares of company stock valued at $1,170,315. 0.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Royal Gold

Several large investors have recently made changes to their positions in RGLD. State of Alaska Department of Revenue raised its stake in Royal Gold by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,641 shares of the basic materials company’s stock valued at $1,072,000 after buying an additional 515 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Royal Gold by 146.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,303 shares of the basic materials company’s stock valued at $1,866,000 after acquiring an additional 7,905 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Royal Gold by 13,968.8% during the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock valued at $11,883,000 after acquiring an additional 84,092 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Royal Gold by 2.6% in the 3rd quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company’s stock worth $819,000 after purchasing an additional 150 shares during the last quarter. Finally, Atlas Wealth Partners LLC bought a new position in Royal Gold in the 3rd quarter worth about $1,180,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

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.