National Bank Financial Weighs in on Royal Gold Inc.’s Q1 2017 Earnings (RGLD)
Royal Gold Inc. (NASDAQ:RGLD) – Analysts at National Bank Financial issued their Q1 2017 EPS estimates for Royal Gold in a research note issued to investors on Wednesday. National Bank Financial analyst S. Nagle anticipates that the brokerage will earn $0.36 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $85.00 target price on the stock. National Bank Financial also issued estimates for Royal Gold’s FY2017 earnings at $1.40 EPS.
Royal Gold (NASDAQ:RGLD) last posted its earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. Royal Gold had a positive return on equity of 2.81% and a negative net margin of 21.44%. The business had revenue of $94.10 million for the quarter, compared to the consensus estimate of $100.62 million. During the same period in the previous year, the company posted $0.23 earnings per share. Royal Gold’s revenue for the quarter was up 27.9% compared to the same quarter last year.
RGLD has been the topic of a number of other research reports. Zacks Investment Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday. FBR & Co set a $80.00 target price on Royal Gold and gave the company a “hold” rating in a research report on Tuesday, September 20th. RBC Capital Markets reiterated an “outperform” rating on shares of Royal Gold in a research report on Tuesday, September 20th. BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 6th. Finally, Dundee Securities upgraded Royal Gold from a “neutral” rating to a “buy” rating and lifted their target price for the company from $80.00 to $85.00 in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Royal Gold has an average rating of “Buy” and an average price target of $71.58.
Shares of Royal Gold (NASDAQ:RGLD) opened at 65.96 on Friday. The company’s market capitalization is $4.31 billion. Royal Gold has a 1-year low of $24.68 and a 1-year high of $87.74. The company’s 50-day moving average price is $75.20 and its 200-day moving average price is $69.34.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, September 28th. Royal Gold’s dividend payout ratio is currently -77.97%.
Several institutional investors have recently bought and sold shares of RGLD. Nisa Investment Advisors LLC raised its position in Royal Gold by 1.9% in the third quarter. Nisa Investment Advisors LLC now owns 38,200 shares of the company’s stock worth $2,958,000 after buying an additional 700 shares in the last quarter. Capstone Asset Management Co. raised its position in Royal Gold by 3.9% in the third quarter. Capstone Asset Management Co. now owns 7,266 shares of the company’s stock worth $563,000 after buying an additional 270 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Royal Gold by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 22,236 shares of the company’s stock worth $1,722,000 after buying an additional 450 shares in the last quarter. Advisory Services Network LLC raised its position in Royal Gold by 310.7% in the third quarter. Advisory Services Network LLC now owns 27,300 shares of the company’s stock worth $2,114,000 after buying an additional 20,653 shares in the last quarter. Finally, Carnick & Kubik Group LLC bought a new position in Royal Gold during the second quarter worth approximately $522,000. 68.95% of the stock is currently owned by institutional investors.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
Receive News & Stock Ratings for Royal Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold Inc. and related stocks with our FREE daily email newsletter.