Scotiabank set a $90.00 target price on Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a research note issued to investors on Monday morning. The brokerage currently has a hold rating on the basic materials company’s stock.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Royal Gold from a buy rating to a hold rating in a research note on Saturday. Cantor Fitzgerald initiated coverage on shares of Royal Gold in a research note on Thursday, January 4th. They issued a buy rating and a $105.00 price target for the company. TD Securities reduced their price objective on shares of Royal Gold from $110.00 to $105.00 and set a buy rating for the company in a research note on Friday, December 29th. Bank of America reduced their price objective on shares of Royal Gold from $109.00 to $99.00 and set a hold rating for the company in a research note on Thursday, December 28th. Finally, Canaccord Genuity lowered shares of Royal Gold from a buy rating to a hold rating and reduced their price objective for the company from $109.00 to $99.00 in a research note on Thursday, December 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $94.63.

Shares of Royal Gold (NASDAQ RGLD) traded up $0.84 during trading on Monday, hitting $85.56. 296,900 shares of the company traded hands, compared to its average volume of 547,678. 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 cap of $5,530.00, a price-to-earnings ratio of 55.56, a price-to-earnings-growth ratio of 4.85 and a beta of 0.46. Royal Gold has a 52 week low of $61.00 and a 52 week high of $94.39.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.25 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, January 4th. Royal Gold’s dividend payout ratio (DPR) is currently 64.94%.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Royal Gold by 1.3% in the second quarter. Vanguard Group Inc. now owns 5,851,247 shares of the basic materials company’s stock worth $457,392,000 after acquiring an additional 73,112 shares during the period. Capital World Investors boosted its holdings in shares of Royal Gold by 25.7% in the second quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock worth $325,031,000 after buying an additional 849,900 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Royal Gold by 1.7% in the third quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock worth $304,409,000 after buying an additional 58,541 shares during the last quarter. St. James Investment Company LLC boosted its holdings in shares of Royal Gold by 1.4% in the third quarter. St. James Investment Company LLC now owns 889,365 shares of the basic materials company’s stock worth $76,521,000 after buying an additional 12,458 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Royal Gold by 0.6% in the second quarter. Northern Trust Corp now owns 776,708 shares of the basic materials company’s stock worth $60,715,000 after buying an additional 4,266 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

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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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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