Royal Gold, Inc. (NASDAQ:RGLD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $280.70.

A number of equities analysts have recently commented on the company. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. National Bank Financial dropped their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Royal Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGLD. Goldman Sachs Group Inc. increased its stake in Royal Gold by 99.5% during the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after acquiring an additional 84,206 shares during the period. Focus Partners Wealth increased its stake in Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after acquiring an additional 2,876 shares during the period. Brown Advisory Inc. increased its stake in Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after acquiring an additional 796 shares during the period. Qube Research & Technologies Ltd increased its stake in Royal Gold by 43.0% during the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after acquiring an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Royal Gold by 4.6% during the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after acquiring an additional 1,072 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Up 1.5%

Royal Gold stock opened at $207.57 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The business’s 50-day simple moving average is $237.29 and its 200-day simple moving average is $245.35. The firm has a market capitalization of $17.62 billion, a PE ratio of 24.74, a PEG ratio of 1.54 and a beta of 0.41. Royal Gold has a 52 week low of $150.75 and a 52 week high of $306.25.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s payout ratio is currently 22.65%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.