Royal Gold, Inc. (RGLD) to Issue Quarterly Dividend of $0.48 on January 16th

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Tuesday, November 18th. Shareholders of record on Friday, January 2nd will be paid a dividend of 0.475 per share by the basic materials company on Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, January 2nd. This is a 5.6% increase from Royal Gold’s previous quarterly dividend of $0.45.

Royal Gold has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 25 years. Royal Gold has a dividend payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Royal Gold to earn $6.89 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.1%.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $188.43 on Thursday. Royal Gold has a 1 year low of $130.67 and a 1 year high of $209.42. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. The business’s 50 day moving average price is $189.33 and its 200-day moving average price is $178.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.24). The firm had revenue of $250.23 million during the quarter, compared to analyst estimates of $275.11 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. On average, sell-side analysts expect that Royal Gold will post 6.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

RGLD has been the subject of several research reports. TD Cowen lifted their target price on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. CIBC upped their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, TD Securities restated a “buy” rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $225.40.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.