Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its target price reduced by investment analysts at Barclays from $78.00 to $77.00 in a research note issued on Wednesday. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Barclays’ price objective points to a potential upside of 3.45% from the stock’s current price.

A number of other brokerages have also weighed in on RGLD. Raymond James reduced their target price on shares of Royal Gold from $99.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, September 17th. ValuEngine lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. TD Securities lowered shares of Royal Gold from a “buy” rating to a “hold” rating and reduced their target price for the stock from $97.00 to $88.00 in a research note on Friday, November 2nd. Desjardins reaffirmed a “buy” rating and issued a $100.00 target price on shares of Royal Gold in a research note on Wednesday, July 18th. Finally, BidaskClub lowered shares of Royal Gold from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Royal Gold presently has an average rating of “Hold” and a consensus price target of $95.86.

RGLD opened at $74.43 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.27 and a quick ratio of 4.00. Royal Gold has a 12 month low of $70.16 and a 12 month high of $98.53. The firm has a market capitalization of $4.67 billion, a P/E ratio of 42.29, a PEG ratio of 4.84 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, October 31st. The basic materials company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.14). The company had revenue of $100.00 million during the quarter, compared to analyst estimates of $98.88 million. Royal Gold had a positive return on equity of 4.66% and a negative net margin of 28.39%. Royal Gold’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. As a group, sell-side analysts forecast that Royal Gold will post 1.47 earnings per share for the current fiscal year.

In other Royal Gold news, Director Sybil E. Veenman acquired 500 shares of Royal Gold stock in a transaction dated Wednesday, September 26th. The stock was bought at an average cost of $78.11 per share, for a total transaction of $39,055.00. Following the purchase, the director now directly owns 2,515 shares in the company, valued at approximately $196,446.65. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jamie C. Sokalsky acquired 2,000 shares of Royal Gold stock in a transaction dated Monday, September 17th. The shares were acquired at an average price of $77.18 per share, with a total value of $154,360.00. Following the completion of the purchase, the director now owns 10,185 shares in the company, valued at $786,078.30. The disclosure for this purchase can be found here. Corporate insiders own 0.95% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC acquired a new stake in Royal Gold in the 3rd quarter valued at about $101,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Royal Gold in the 2nd quarter valued at about $151,000. Pendal Group Ltd lifted its stake in Royal Gold by 100.3% in the 2nd quarter. Pendal Group Ltd now owns 2,069 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 1,036 shares during the last quarter. Advisor Partners LLC acquired a new stake in Royal Gold in the 2nd quarter valued at about $219,000. Finally, CIBC Asset Management Inc acquired a new stake in Royal Gold in the 2nd quarter valued at about $220,000. Institutional investors own 75.78% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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