Raymond James Forecasts Strong Price Appreciation for Royal Gold (NASDAQ:RGLD) Stock

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price objective upped by equities researchers at Raymond James from $184.00 to $186.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Raymond James’ price objective points to a potential upside of 31.62% from the company’s previous close. Raymond James also issued estimates for Royal Gold’s Q4 2024 earnings at $1.42 EPS, FY2024 earnings at $5.05 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.46 EPS and FY2025 earnings at $5.80 EPS.

Several other brokerages also recently issued reports on RGLD. TD Securities increased their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Scotiabank increased their target price on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group increased their price objective on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $165.43.

Royal Gold Stock Performance

RGLD opened at $141.32 on Monday. The firm’s fifty day moving average is $143.81 and its two-hundred day moving average is $135.33. The firm has a market cap of $9.29 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.13. The business had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. Royal Gold’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. Equities analysts forecast that Royal Gold will post 5.07 EPS for the current fiscal year.

Insider Transactions at Royal Gold

In related news, Director Ronald J. Vance sold 415 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were 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 of the company’s stock, valued at approximately $1,154,124.90. 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 can be accessed through the SEC website. In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares in the company, valued at $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction dated Wednesday, August 28th. The shares were 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 approximately $1,042,503.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,355 shares of company stock worth $1,038,155 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Royal Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the 3rd quarter worth approximately $38,000. Compagnie Lombard Odier SCmA bought a new position in Royal Gold during the third quarter worth $49,000. Larson Financial Group LLC increased its holdings in shares of Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 123 shares during the last quarter. Blue Trust Inc. raised its position in shares of Royal Gold by 108.7% in the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 213 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Royal Gold during the 2nd quarter worth about $62,000. Institutional investors 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.