Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Investment analysts at National Bank Financial boosted their FY2019 EPS estimates for Royal Gold in a research note issued to investors on Thursday. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will earn $2.00 per share for the year, up from their prior estimate of $1.93. National Bank Financial currently has a “Sector Perform” rating and a $102.50 price objective on the stock.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $114.35 million during the quarter, compared to analysts’ expectations of $114.79 million. Royal Gold had a net margin of 13.00% and a return on equity of 4.31%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS.

Several other analysts also recently weighed in on RGLD. B. Riley reaffirmed a “neutral” rating on shares of Royal Gold in a report on Wednesday, November 1st. Canaccord Genuity upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. BidaskClub upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Scotiabank set a $90.00 price objective on shares of Royal Gold and gave the company a “hold” rating in a research note on Monday, January 15th. Finally, TheStreet upgraded shares of Royal Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $95.46.

Shares of Royal Gold (RGLD) traded down $0.51 during trading hours on Monday, hitting $82.74. 452,100 shares of the stock traded hands, compared to its average volume of 649,940. The stock has a market capitalization of $5,590.00, a P/E ratio of 97.00, a price-to-earnings-growth ratio of 4.94 and a beta of 0.61. The company has a current ratio of 3.98, a quick ratio of 3.80 and a debt-to-equity ratio of 0.21. Royal Gold has a 1-year low of $61.00 and a 1-year high of $94.39.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 4,500 shares of company stock valued at $387,750 in the last quarter. Company insiders own 1.12% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Mountain Capital Investment Advisors Inc acquired a new position in Royal Gold during the second quarter worth about $109,000. Keeler Thomas Management LLC acquired a new position in Royal Gold during the fourth quarter worth about $118,000. Exane Derivatives raised its position in Royal Gold by 4,900.0% during the fourth quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 1,470 shares during the last quarter. Quantbot Technologies LP acquired a new position in Royal Gold during the third quarter worth about $174,000. Finally, Squar Milner Financial Services LLC acquired a new position in Royal Gold during the fourth quarter worth about $212,000. Institutional investors own 71.72% 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.

Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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