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.

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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.

Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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