Royal Gold (NASDAQ:RGLD) (TSE:RGL) received a $122.00 price objective from equities research analysts at Raymond James in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the basic materials company’s stock. Raymond James’ target price would indicate a potential upside of 7.41% from the company’s previous close.

A number of other research firms also recently issued reports on RGLD. CIBC downgraded Royal Gold from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, August 1st. ValuEngine downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. TD Securities boosted their price target on Royal Gold from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Royal Bank of Canada restated a “hold” rating on shares of Royal Gold in a research note on Sunday, August 11th. Finally, B. Riley downgraded Royal Gold from a “buy” rating to a “neutral” rating and cut their price target for the company from $127.10 to $122.00 in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $111.31.

NASDAQ RGLD traded down $0.17 during trading hours on Friday, hitting $113.58. The company’s stock had a trading volume of 88,413 shares, compared to its average volume of 645,462. Royal Gold has a 12 month low of $70.16 and a 12 month high of $138.78. The company’s 50 day simple moving average is $122.31 and its two-hundred day simple moving average is $110.27. The company has a market cap of $7.26 billion, a P/E ratio of 78.33, a price-to-earnings-growth ratio of 4.43 and a beta of 0.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.60 and a quick ratio of 4.26.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Royal Gold had a return on equity of 4.42% and a net margin of 22.18%. The company had revenue of $118.77 million during the quarter, compared to the consensus estimate of $129.47 million. During the same period last year, the company earned $0.23 EPS. Royal Gold’s revenue for the quarter was up 18.8% on a year-over-year basis. As a group, research analysts predict that Royal Gold will post 2.5 earnings per share for the current fiscal year.

In related news, CEO Tony A. Jensen sold 14,984 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $134.08, for a total value of $2,009,054.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Mark Isto sold 2,497 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $135.00, for a total value of $337,095.00. Following the completion of the transaction, the vice president now directly owns 24,442 shares in the company, valued at $3,299,670. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,603 shares of company stock worth $11,107,708. 0.52% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of RGLD. First Trust Advisors LP purchased a new stake in shares of Royal Gold during the 1st quarter worth approximately $3,676,000. Carroll Financial Associates Inc. increased its position in shares of Royal Gold by 7.9% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,595 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 190 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Royal Gold by 375.0% during the 2nd quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 375 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Royal Gold by 6.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 30,300 shares of the basic materials company’s stock valued at $3,105,000 after purchasing an additional 1,900 shares during the last quarter. Finally, 6 Meridian increased its position in shares of Royal Gold by 2.0% during the 2nd quarter. 6 Meridian now owns 5,850 shares of the basic materials company’s stock valued at $600,000 after purchasing an additional 112 shares during the last quarter. 78.20% of the stock is currently owned by institutional investors and hedge funds.

About Royal Gold

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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