Royal Gold (NASDAQ:RGLD) Price Target Raised to $186.00

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price objective lifted by Raymond James from $184.00 to $186.00 in a research report sent to investors on Monday morning,Benzinga reports. Raymond James currently has an outperform rating on the basic materials company’s stock. Raymond James also issued estimates for Royal Gold’s Q4 2024 earnings at $1.42 EPS, FY2024 earnings at $5.05 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.46 EPS and FY2025 earnings at $5.80 EPS.

Several other equities analysts have also issued reports on RGLD. TD Securities lifted their target price on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Scotiabank boosted their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group lifted their price target on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $165.43.

Royal Gold Stock Up 0.1 %

Shares of NASDAQ:RGLD opened at $139.80 on Monday. The business’s 50 day moving average is $143.91 and its 200 day moving average is $135.39. The stock has a market cap of $9.19 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90. Royal Gold has a 52-week low of $100.55 and a 52-week high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the prior year, the company earned $0.76 EPS. The business’s revenue was up 39.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Gold will post 5.13 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $0.40 per share. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Royal Gold’s dividend payout ratio (DPR) is 36.70%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. This trade represents a 38.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 840 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares in the company, valued at $2,415,648.06. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,339 shares of company stock valued at $1,329,902. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RGLD. Point72 Hong Kong Ltd acquired a new stake in shares of Royal Gold in the third quarter valued at approximately $36,000. Advisors Asset Management Inc. acquired a new stake in shares of Royal Gold in the 3rd quarter worth $38,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Royal Gold during the 3rd quarter worth $49,000. Larson Financial Group LLC boosted its position in shares of Royal Gold by 51.7% during the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 123 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Royal Gold by 108.7% in the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 213 shares during the period. 83.65% of the stock is owned by hedge funds and other 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.