Royal Gold (NASDAQ:RGLD) Given New $154.00 Price Target at Jefferies Financial Group

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price target hoisted by Jefferies Financial Group from $141.00 to $154.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a hold rating on the basic materials company’s stock.

A number of other research firms have also recently weighed in on RGLD. Scotiabank upped their price target on Royal Gold from $148.00 to $157.00 and gave the stock a sector perform rating in a report on Monday, August 19th. BMO Capital Markets raised their price target on Royal Gold from $168.00 to $170.00 and gave the company an outperform rating in a research report on Wednesday, July 10th. CIBC boosted their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the stock a neutral rating in a research report on Wednesday, July 10th. Raymond James increased their price objective on shares of Royal Gold from $167.00 to $170.00 and gave the company an outperformer rating in a research note on Friday, August 9th. Finally, Cibc World Mkts upgraded shares of Royal Gold to a hold rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $158.86.

Royal Gold Price Performance

NASDAQ:RGLD opened at $136.88 on Friday. The firm has a market capitalization of $9.00 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 1.20 and a beta of 0.90. The business’s fifty day moving average price is $138.10 and its 200 day moving average price is $130.53. Royal Gold has a 12 month low of $100.55 and a 12 month high of $147.65.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The company had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. During the same period last year, the firm posted $0.88 EPS. Royal Gold’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, equities analysts anticipate that Royal Gold will post 4.85 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. Royal Gold’s dividend payout ratio is presently 47.20%.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,430 shares in the company, valued at approximately $1,042,503.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Randy Shefman sold 4,600 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now directly owns 7,430 shares in the company, valued at approximately $1,042,503.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald J. Vance sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now directly owns 9,109 shares in the company, valued at approximately $1,203,845.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,355 shares of company stock worth $1,170,315 in the last three months. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Royal Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its holdings in shares of Royal Gold by 206.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,778 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 1,198 shares in the last quarter. Stifel Financial Corp boosted its stake in Royal Gold by 98.8% during the 4th quarter. Stifel Financial Corp now owns 60,842 shares of the basic materials company’s stock valued at $7,359,000 after purchasing an additional 30,235 shares in the last quarter. KBC Group NV acquired a new position in shares of Royal Gold during the 4th quarter valued at $143,000. Ossiam raised its stake in shares of Royal Gold by 10.1% in the 4th quarter. Ossiam now owns 7,233 shares of the basic materials company’s stock worth $875,000 after buying an additional 663 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Royal Gold by 6.1% in the fourth quarter. Neuberger Berman Group LLC now owns 13,903 shares of the basic materials company’s stock valued at $1,682,000 after buying an additional 796 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Company Profile

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.