Royal Gold (NASDAQ:RGLD) Issues Earnings Results

Royal Gold (NASDAQ:RGLD) (TSE:RGL) announced its earnings results on Wednesday. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.13, Briefing.com reports. The company had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The firm’s quarterly revenue was up 39.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS.

Royal Gold Stock Up 1.7 %

NASDAQ RGLD traded up $2.47 during trading on Thursday, hitting $147.31. The stock had a trading volume of 548,715 shares, compared to its average volume of 366,435. The company has a market capitalization of $9.68 billion, a PE ratio of 40.13, a PEG ratio of 1.20 and a beta of 0.90. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.10. The firm has a 50 day moving average price of $143.30 and a 200 day moving average price of $134.57.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold’s dividend payout ratio (DPR) is 43.84%.

Insider Activity

In related news, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at $1,042,503.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the sale, the director now directly owns 9,109 shares in the company, valued at $1,203,845.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at approximately $1,042,503.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,355 shares of company stock valued at $1,170,315. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RGLD has been the topic of a number of recent research reports. Raymond James boosted their price target on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research report on Friday, August 9th. TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday. CIBC lifted their price objective on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Cibc World Mkts upgraded Royal Gold to a “hold” rating in a report on Wednesday, July 10th. Finally, BMO Capital Markets lifted their price target on Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $163.14.

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.