Brokers Offer Predictions for Royal Gold, Inc.’s FY2018 Earnings (RGLD)
Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – National Bank Financial decreased their FY2018 earnings per share estimates for Royal Gold in a report released on Thursday. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings per share of $1.22 for the year, down from their previous estimate of $1.32. National Bank Financial has a “Sector Perform” rating and a $92.50 price objective on the stock. National Bank Financial also issued estimates for Royal Gold’s FY2020 earnings at $1.72 EPS.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.02. The company had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share.
Other equities analysts have also recently issued reports about the company. FBR & Co reiterated a “hold” rating and issued a $85.00 price target (up from $81.00) on shares of Royal Gold in a research report on Wednesday. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Wednesday, June 21st. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $88.00 price target on shares of Royal Gold in a research report on Thursday, June 15th. BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Scotiabank lifted their price target on Royal Gold from $81.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Royal Gold presently has an average rating of “Buy” and a consensus price target of $91.95.
Royal Gold (NASDAQ:RGLD) traded up 1.31% during mid-day trading on Monday, hitting $86.90. The stock had a trading volume of 177,327 shares. The stock has a market capitalization of $5.66 billion, a P/E ratio of 56.06 and a beta of 0.68. The company’s 50 day moving average is $82.62 and its 200-day moving average is $74.68. Royal Gold has a 52 week low of $60.21 and a 52 week high of $88.03.
A number of institutional investors have recently bought and sold shares of RGLD. Raymond James Financial Services Advisors Inc. boosted its position in Royal Gold by 4.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,427 shares of the basic materials company’s stock valued at $580,000 after buying an additional 311 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Royal Gold by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 95,922 shares of the basic materials company’s stock valued at $7,499,000 after buying an additional 1,681 shares during the last quarter. Shelton Capital Management acquired a new position in Royal Gold during the second quarter valued at approximately $367,000. Flinton Capital Management LLC boosted its position in Royal Gold by 72.8% in the second quarter. Flinton Capital Management LLC now owns 6,052 shares of the basic materials company’s stock valued at $473,000 after buying an additional 2,550 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Royal Gold by 131.8% in the second quarter. Capital Research Global Investors now owns 154,000 shares of the basic materials company’s stock valued at $12,038,000 after buying an additional 87,567 shares during the last quarter. Institutional investors and hedge funds own 70.89% of the company’s stock.
In related news, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total transaction of $2,125,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stefan Wenger sold 1,129 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total value of $95,965.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,129 shares of company stock valued at $2,536,660. 1.37% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, July 5th. Royal Gold’s payout ratio is 61.54%.
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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