Brokerages Set Royal Gold, Inc. (NASDAQ:RGLD) PT at $165.43

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $165.43.

RGLD has been the topic of a number of analyst reports. TD Securities lifted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price objective 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. Scotiabank raised their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Raymond James boosted their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th.

Royal Gold Trading Up 0.5 %

NASDAQ:RGLD opened at $148.99 on Friday. The firm’s fifty day simple moving average is $144.89 and its 200 day simple moving average is $136.24. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.10. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.19 and a beta of 0.90.

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

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.21%. Royal Gold’s dividend payout ratio (DPR) is 36.70%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, CFO Paul Libner sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the transaction, the chief financial officer now directly owns 18,657 shares in the company, valued at $2,659,182.21. The trade was a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William M. Hayes sold 1,984 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the transaction, the director now directly owns 9,268 shares of the company’s stock, valued at $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,924 shares of company stock worth $1,271,449 over the last 90 days. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in Royal Gold in the third quarter valued at $36,000. Advisors Asset Management Inc. bought a new stake in Royal Gold in the 3rd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. boosted its stake in Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 110 shares during the period. Compagnie Lombard Odier SCmA bought a new position in Royal Gold in the 3rd quarter worth about $49,000. Finally, Larson Financial Group LLC increased its stake in shares of Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 123 shares during the period. 83.65% of the stock is currently 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.