Royal Gold (NASDAQ:RGLD) (TSE:RGL) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets restated a “buy” rating and issued a $95.00 price target on shares of Royal Gold in a research note on Wednesday, September 6th. 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 restated an “outperform” rating on shares of Royal Gold in a research note on Thursday, September 7th. Canaccord Genuity restated a “buy” rating and issued a $114.00 price target on shares of Royal Gold in a research note on Sunday, October 22nd. Finally, TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $95.61.

Royal Gold (NASDAQ:RGLD) traded up $0.14 during trading hours on Friday, hitting $82.86. The company had a trading volume of 448,269 shares, compared to its average volume of 373,437. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.73 and a current ratio of 3.92. The company has a market capitalization of $5,414.38, a P/E ratio of 56.27, a PEG ratio of 4.69 and a beta of 0.47. Royal Gold has a fifty-two week low of $60.21 and a fifty-two week high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The business had revenue of $112.50 million during the quarter, compared to the consensus estimate of $112.43 million. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. Royal Gold’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. research analysts anticipate that Royal Gold will post 1.76 EPS for the current year.

In other news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $85.00, for a total value of $127,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.12% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Royal Gold by 49.0% in the second quarter. American Century Companies Inc. now owns 142,521 shares of the basic materials company’s stock valued at $11,141,000 after buying an additional 46,900 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of 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. Sprott Inc. lifted its position in shares of Royal Gold by 4.3% in the third quarter. Sprott Inc. now owns 32,797 shares of the basic materials company’s stock valued at $2,822,000 after buying an additional 1,359 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Royal Gold by 70.8% in the second quarter. BNP Paribas Arbitrage SA now owns 24,664 shares of the basic materials company’s stock valued at $1,928,000 after buying an additional 10,222 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Royal Gold by 4.2% in the second quarter. Principal Financial Group Inc. now owns 294,652 shares of the basic materials company’s stock valued at $23,033,000 after buying an additional 11,795 shares during the last quarter. 72.02% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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