Royal Gold (RGLD) Receiving Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Royal Gold (NASDAQ:RGLD) (TSE:RGL) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Royal Gold earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.5755575948547 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Royal Gold, Inc. (RGLD) – FBR Capital Holds Rating And Sets New Price Target – Highlight Press (highlightpress.com)
- Trading Lines in Review for Royal Gold Inc (RGLD) – Wall Street Review (thewallstreetreview.com)
- FBR Capital Keeps Rating And Raises Price Target On Royal Gold, Inc. (RGLD) – Modern Readers (modernreaders.com)
- FBR & Co Reaffirms Hold Rating for Royal Gold, Inc. (RGLD) (americanbankingnews.com)
- Royal Gold, Inc. :RGLD-US: Earnings Analysis: 2017 By the Numbers : August 14, 2017 (finance.yahoo.com)
Several equities analysts recently commented on RGLD shares. Barclays PLC restated an “overweight” rating and set a $83.00 target price (up previously from $82.00) on shares of Royal Gold in a research report on Saturday, April 22nd. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Wednesday, June 21st. National Bank Financial downgraded Royal Gold from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $80.00 to $82.50 in a research report on Thursday, April 20th. Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 target price on shares of Royal Gold in a research note on Monday, June 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Royal Gold currently has a consensus rating of “Buy” and an average target price of $91.95.
Royal Gold (RGLD) traded down 0.38% during midday trading on Thursday, reaching $87.01. The company’s stock had a trading volume of 388,641 shares. The company has a market cap of $5.69 billion, a PE ratio of 56.14 and a beta of 0.68. The stock has a 50-day moving average price of $83.12 and a 200 day moving average price of $74.86. Royal Gold has a 12 month low of $60.21 and a 12 month high of $88.03.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.02. Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $108.72 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The business’s revenue was up 15.7% on a year-over-year basis. Analysts expect that Royal Gold will post $1.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.10%. The ex-dividend date was Wednesday, July 5th. Royal Gold’s dividend payout ratio is presently 61.54%.
In other news, CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total transaction of $2,125,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $77.05, for a total transaction of $115,575.00. The disclosure for this sale can be found here. Insiders sold 30,129 shares of company stock valued at $2,536,660 over the last three months. 1.37% of the stock is currently owned by insiders.
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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