Royal Gold (NASDAQ:RGLD) Issues Earnings Results

Royal Gold (NASDAQ:RGLD) (TSE:RGL) released its earnings results on Wednesday. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04), Briefing.com reports. The business had revenue of $148.90 million for the quarter, compared to analyst estimates of $147.02 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. Royal Gold’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share.

Royal Gold Trading Up 1.6 %

NASDAQ RGLD opened at $125.37 on Friday. The firm’s fifty day moving average is $118.25 and its two-hundred day moving average is $115.76. Royal Gold has a one year low of $100.55 and a one year high of $141.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. The firm has a market cap of $8.24 billion, a PE ratio of 34.44, a P/E/G ratio of 6.99 and a beta of 0.88.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 43.96%.

Insider Activity

In other news, VP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total value of $52,090.00. Following the transaction, the vice president now owns 9,473 shares of the company’s stock, valued at $986,897.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reduced their target price on shares of Royal Gold from $162.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Cantor Fitzgerald downgraded shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, Jefferies Financial Group assumed coverage on shares of Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $141.14.

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.