Royal Gold, Inc. (RGLD) PT Set at $105.00 by BMO Capital Markets
Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given a $105.00 price objective by BMO Capital Markets in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the basic materials company’s stock. BMO Capital Markets’ target price points to a potential upside of 23.34% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the company. TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. B. Riley restated a “neutral” rating on shares of Royal Gold in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada set a $89.00 price target on Royal Gold and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $114.00 price target on shares of Royal Gold in a research report on Sunday, October 22nd. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Royal Gold currently has an average rating of “Buy” and a consensus target price of $95.61.
Shares of Royal Gold (NASDAQ RGLD) opened at $85.13 on Tuesday. Royal Gold has a 52 week low of $60.21 and a 52 week high of $94.39. The stock has a market capitalization of $5,610.00, a PE ratio of 58.77, a P/E/G ratio of 4.91 and a beta of 0.49. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. The business had revenue of $112.50 million for the quarter, compared to analysts’ expectations of $112.43 million. During the same period in the previous year, the business posted $0.46 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. equities analysts anticipate that Royal Gold will post 1.76 earnings per share for the current fiscal year.
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In other news, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $90.00, for a total transaction of $2,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stefan Wenger sold 2,086 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $87.49, for a total value of $182,504.14. The disclosure for this sale can be found here. Insiders have sold 67,343 shares of company stock valued at $5,942,784 in the last three months. 1.12% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of RGLD. Capital World Investors grew its holdings in shares of Royal Gold by 25.7% during the second quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock worth $325,031,000 after purchasing an additional 849,900 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Royal Gold by 702.0% during the second quarter. Bank of Montreal Can now owns 201,972 shares of the basic materials company’s stock worth $15,788,000 after purchasing an additional 176,787 shares in the last quarter. KBC Group NV grew its holdings in shares of Royal Gold by 5,094.1% during the third quarter. KBC Group NV now owns 94,480 shares of the basic materials company’s stock worth $8,129,000 after purchasing an additional 92,661 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Royal Gold by 131.8% during the second quarter. Capital Research Global Investors now owns 154,000 shares of the basic materials company’s stock worth $12,038,000 after purchasing an additional 87,567 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Royal Gold by 2.2% during the second quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock worth $271,989,000 after purchasing an additional 73,384 shares in the last quarter. 70.25% of the stock is owned by institutional investors.
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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