Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports.

A number of other research analysts also recently commented on the company. Barclays boosted their target price on Royal Gold from $105.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. National Bank Financial raised their target price on Royal Gold from $147.50 to $160.00 and gave the company a “sector perform” rating in a report on Wednesday, July 22nd. Raymond James set a $160.00 target price on Royal Gold and gave the company an “outperform” rating in a report on Thursday, October 1st. Zacks Investment Research lowered Royal Gold from a “buy” rating to a “hold” rating and set a $146.00 price objective on the stock. in a report on Wednesday, August 19th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Royal Gold in a report on Monday, July 13th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $137.09.

Royal Gold stock opened at $122.47 on Friday. The firm has a 50 day simple moving average of $125.65 and a 200-day simple moving average of $125.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.31 and a quick ratio of 8.05. The stock has a market capitalization of $8.03 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 3.59 and a beta of 0.78. Royal Gold has a 12-month low of $59.78 and a 12-month high of $147.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $119.97 million during the quarter. Royal Gold had a net margin of 39.96% and a return on equity of 7.05%. On average, analysts forecast that Royal Gold will post 3.63 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of RGLD. First Trust Advisors LP acquired a new position in Royal Gold in the 1st quarter valued at approximately $3,676,000. Legal & General Group Plc increased its position in shares of Royal Gold by 9.0% during the first quarter. Legal & General Group Plc now owns 154,137 shares of the basic materials company’s stock worth $13,519,000 after buying an additional 12,668 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Royal Gold during the first quarter worth $886,000. Thrivent Financial for Lutherans grew its holdings in Royal Gold by 84.5% in the first quarter. Thrivent Financial for Lutherans now owns 31,620 shares of the basic materials company’s stock worth $2,773,000 after purchasing an additional 14,481 shares during the period. Finally, United Capital Financial Advisers LLC grew its holdings in Royal Gold by 3.0% in the first quarter. United Capital Financial Advisers LLC now owns 17,683 shares of the basic materials company’s stock worth $1,551,000 after purchasing an additional 507 shares during the period. 76.91% of the stock is owned by institutional investors and hedge funds.

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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