Royal Gold, Inc. (NASDAQ:RGLD) Receives Average Recommendation of “Hold” from Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $168.86.

RGLD has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and boosted their price target for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James boosted their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, TD Securities boosted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Capital World Investors raised its stake in shares of Royal Gold by 0.4% during the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company’s stock worth $1,156,842,000 after acquiring an additional 37,648 shares in the last quarter. Vanguard Group Inc. increased its stake in Royal Gold by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company’s stock valued at $877,058,000 after purchasing an additional 89,298 shares in the last quarter. Van ECK Associates Corp increased its stake in Royal Gold by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock valued at $553,810,000 after purchasing an additional 39,394 shares in the last quarter. Geode Capital Management LLC increased its stake in Royal Gold by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after purchasing an additional 33,151 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Royal Gold by 19.6% during the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock valued at $135,730,000 after purchasing an additional 168,569 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Royal Gold stock opened at $148.45 on Monday. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90. Royal Gold has a 1 year low of $100.55 and a 1 year high of $155.64. The firm has a 50-day moving average of $139.53 and a two-hundred day moving average of $141.83.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Research analysts expect that Royal Gold will post 6.2 earnings per share for the current year.

Royal Gold Company Profile

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.