Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price target reduced by TD Securities from $110.00 to $105.00 in a report issued on Friday. They currently have a buy rating on the basic materials company’s stock.
Several other research analysts also recently commented on the stock. BMO Capital Markets restated a buy rating and set a $95.00 price objective on shares of Royal Gold in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Royal Gold from a sell rating to a hold rating in a research report on Wednesday, November 8th. BidaskClub downgraded shares of Royal Gold from a sell rating to a strong sell rating in a research report on Saturday, December 2nd. Royal Bank of Canada restated an outperform rating on shares of Royal Gold in a research report on Thursday, September 7th. Finally, Canaccord Genuity downgraded shares of Royal Gold from a buy rating to a hold rating and lowered their price objective for the company from $109.00 to $99.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Royal Gold currently has a consensus rating of Hold and an average target price of $95.95.
Royal Gold (NASDAQ RGLD) opened at $82.12 on Friday. Royal Gold has a 1 year low of $61.00 and a 1 year high of $94.39. The company has a market cap of $5,375.10, a P/E ratio of 53.33, a price-to-earnings-growth ratio of 4.66 and a beta of 0.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.73 and a current ratio of 3.92.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 4th. This is an increase from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. Royal Gold’s dividend payout ratio is 62.34%.
In other news, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Almanack Investment Partners LLC. acquired a new position in shares of Royal Gold during the second quarter worth $109,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Royal Gold during the second quarter worth $109,000. KBC Group NV acquired a new position in shares of Royal Gold during the second quarter worth $142,000. Quantbot Technologies LP acquired a new position in shares of Royal Gold during the third quarter worth $174,000. Finally, U S Global Investors Inc. increased its holdings in shares of Royal Gold by 333.1% during the second quarter. U S Global Investors Inc. now owns 3,032 shares of the basic materials company’s stock worth $263,000 after buying an additional 2,332 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.
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About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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