Somewhat Positive Press Coverage Somewhat Likely to Impact Royal Gold (RGLD) Share Price
Media coverage about Royal Gold (NASDAQ:RGLD) (TSE:RGL) has trended somewhat positive recently, Alpha One reports. Alpha One, a unit of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Royal Gold earned a coverage optimism score of 0.23 on Alpha One’s scale. Alpha One also gave news stories about the basic materials company an impact score of 61 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected AlphaOne’s analysis:
- CIBC Boosts Rating On Royal Gold, Inc. (RGLD) To “Sector Outperform” (highlightpress.com)
- Royal Gold, Inc. :RGLD-US: Earnings Analysis: Q3, 2017 By the Numbers : June 16, 2017 (finance.yahoo.com)
- Gold Stock Mining For New Breakout, But This Key Indicator Lags (finance.yahoo.com)
- BRIEF-Royal Gold Inc says Gordon J. Bogden tendered his resignation from board of directors (feeds.reuters.com)
- Better Buy: Franco-Nevada Corporation vs. Royal Gold, Inc – nwitimes.com (nwitimes.com)
A number of research analysts have recently weighed in on RGLD shares. BMO Capital Markets reissued a “buy” rating and set a $88.00 target price on shares of Royal Gold in a research report on Friday, March 31st. Zacks Investment Research downgraded shares of Royal Gold from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. National Bank Financial downgraded shares of Royal Gold from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $80.00 to $82.50 in a report on Thursday, April 20th. Barclays PLC reiterated an “overweight” rating and issued a $83.00 target price (up from $82.00) on shares of Royal Gold in a research note on Saturday, April 22nd. Finally, Scotiabank increased their target price on shares of Royal Gold from $81.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, May 12th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Royal Gold presently has an average rating of “Buy” and a consensus price target of $89.13.
Shares of Royal Gold (NASDAQ RGLD) traded down 0.56% on Friday, reaching $75.03. 956,828 shares of the company’s stock traded hands. Royal Gold has a 12-month low of $60.21 and a 12-month high of $87.74. The stock has a 50-day moving average price of $76.28 and a 200-day moving average price of $70.28. The company has a market cap of $4.90 billion, a PE ratio of 47.94 and a beta of 0.73.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.02. The business had revenue of $107 million for the quarter, compared to analysts’ expectations of $105.14 million. Royal Gold had a return on equity of 4.22% and a net margin of 23.93%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. Equities research analysts anticipate that Royal Gold will post $1.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 7th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. Royal Gold’s dividend payout ratio (DPR) is presently 61.15%.
In other news, CFO Stefan Wenger sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $75.00, for a total transaction of $150,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total value of $2,000,000.00. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock worth $2,758,220 over the last quarter. Insiders own 1.37% of the company’s stock.
About Royal Gold
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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