Royal Gold (RGLD) Getting Somewhat Positive Media Coverage, Analysis Shows
Media headlines about Royal Gold (NASDAQ:RGLD) (TSE:RGL) have trended somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Royal Gold earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.2836860265961 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Noteworthy Thursday Option Activity: LB, RGLD, DG – Nasdaq (nasdaq.com)
- Bear of the Day: Royal Gold (RGLD) – Nasdaq (nasdaq.com)
- Royal Gold (RGLD) Discloses Operational Updates for Q1 – Nasdaq (nasdaq.com)
- This Brand-New Gold ETF Could Be the “Best ‘Stock’ of the Next Decade” (wallstreetexaminer.com)
- Analyzing Kinross Gold Corporation (KGC) and Royal Gold (RGLD) (americanbankingnews.com)
A number of brokerages have recently issued reports on RGLD. FBR & Co boosted their price objective on Royal Gold from $81.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, August 16th. Canaccord Genuity reissued a “buy” rating and issued a $105.00 price objective (up from $99.00) on shares of Royal Gold in a research note on Thursday, August 10th. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $88.00 price objective on shares of Royal Gold in a research note on Thursday, June 15th. BidaskClub downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $95.00 price objective on shares of Royal Gold in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Royal Gold presently has a consensus rating of “Buy” and an average target price of $92.68.
Shares of Royal Gold (RGLD) opened at 87.85 on Friday. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 56.68 and a beta of 0.57. The firm’s 50-day moving average price is $89.53 and its 200-day moving average price is $80.33. Royal Gold has a one year low of $60.21 and a one year high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 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 during the quarter, compared to the consensus estimate of $108.72 million. During the same period last year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts anticipate that Royal Gold will post $1.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is presently 61.54%.
In other Royal Gold news, VP Karli S. Anderson sold 2,262 shares of Royal Gold stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $91.45, for a total value of $206,859.90. Following the completion of the sale, the vice president now owns 20,081 shares of the company’s stock, valued at approximately $1,836,407.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $85.88, for a total transaction of $128,820.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,845 shares of company stock valued at $9,319,753. 1.37% of the stock is currently owned by insiders.
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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