FY2018 EPS Estimates for Royal Gold Inc. (RGLD) Cut by Analyst
Royal Gold Inc. (NASDAQ:RGLD) – Equities research analysts at National Bank Financial cut their FY2018 earnings per share estimates for Royal Gold in a report released on Wednesday. National Bank Financial analyst S. Nagle now expects that the firm will post earnings of $1.62 per share for the year, down from their prior estimate of $1.70. National Bank Financial has a “Outperform” rating and a $85.00 price objective on the stock.
Royal Gold (NASDAQ:RGLD) last released its earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The company earned $94.10 million during the quarter, compared to analyst estimates of $100.62 million. Royal Gold had a negative net margin of 21.44% and a positive return on equity of 2.81%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS.
RGLD has been the topic of a number of other research reports. FBR & Co increased their target price on Royal Gold from $78.00 to $80.00 and gave the stock a “mkt perform” rating in a report on Friday, August 12th. Zacks Investment Research downgraded Royal Gold from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. HSBC reissued a “buy” rating on shares of Royal Gold in a report on Thursday, July 7th. RBC Capital Markets reissued an “outperform” rating on shares of Royal Gold in a report on Tuesday, September 20th. Finally, Raymond James Financial Inc. raised Royal Gold from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $72.00 to $85.00 in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.58.
Royal Gold (NASDAQ:RGLD) traded up 3.02% on Monday, hitting $68.92. The stock had a trading volume of 319,703 shares. The company’s market cap is $4.50 billion. The company’s 50 day moving average price is $74.94 and its 200-day moving average price is $69.71. Royal Gold has a 12-month low of $24.68 and a 12-month high of $87.74.
The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, September 28th. Royal Gold’s payout ratio is -77.97%.
Several hedge funds have recently modified their holdings of the company. Sun Valley Gold LLC boosted its stake in shares of Royal Gold by 154.3% in the first quarter. Sun Valley Gold LLC now owns 535,689 shares of the company’s stock valued at $27,475,000 after buying an additional 325,000 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Royal Gold during the second quarter worth about $21,229,000. Vanguard Group Inc. boosted its stake in Royal Gold by 3.0% in the second quarter. Vanguard Group Inc. now owns 5,145,821 shares of the company’s stock worth $370,602,000 after buying an additional 151,587 shares during the last quarter. State Street Corp boosted its stake in Royal Gold by 6.7% in the first quarter. State Street Corp now owns 2,118,783 shares of the company’s stock worth $108,671,000 after buying an additional 133,359 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in Royal Gold during the second quarter worth about $5,724,000. 68.95% of the stock is owned by institutional investors and hedge funds.
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.
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