Royal Gold (NASDAQ:RGLD) Downgraded by StockNews.com

StockNews.com downgraded shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Other research analysts also recently issued research reports about the stock. Scotiabank upped 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 boosted their price target on Royal Gold from $166.00 to $175.00 and gave the company a neutral rating in a research note on Wednesday, July 10th. BMO Capital Markets raised their price objective on Royal Gold from $168.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday, July 10th. Bank of America boosted their price objective on Royal Gold from $129.00 to $131.00 and gave the company an underperform rating in a research report on Wednesday, June 26th. Finally, Raymond James upped their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $157.00.

Royal Gold Stock Up 0.8 %

Shares of RGLD stock opened at $141.29 on Monday. Royal Gold has a 12 month low of $100.55 and a 12 month high of $142.77. The firm has a market cap of $9.29 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. The stock has a 50 day moving average of $133.83 and a 200-day moving average of $124.35.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $174.10 million for 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%. Royal Gold’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, equities analysts predict that Royal Gold will post 4.7 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, October 4th. Royal Gold’s dividend payout ratio is 47.20%.

Insider Activity

In other Royal Gold news, CFO Paul Libner sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the sale, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at approximately $2,659,182.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Royal Gold news, CFO Paul Libner sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following the transaction, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at $2,659,182.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald J. Vance sold 1,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $132.16, for a total transaction of $132,160.00. Following the sale, the director now owns 9,109 shares of the company’s stock, valued at approximately $1,203,845.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,515 shares of company stock valued at $1,049,834. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Royal Gold

Several hedge funds have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC bought a new stake in Royal Gold in the first quarter valued at approximately $36,000. Janiczek Wealth Management LLC raised its stake in 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 buying an additional 325 shares during the period. Fortis Group Advisors LLC lifted its holdings in Royal Gold by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 223 shares in the last quarter. Quadrant Capital Group LLC grew its stake 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 acquiring an additional 116 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of Royal Gold in the second quarter worth about $62,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

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.