In yesterday’s Wall Street session, Royal Gold Inc. (NASDAQ:RGLD) shares traded at $126.34, up 0.21% from the previous session.
14 analysts cover Royal Gold Inc. (NASDAQ:RGLD), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $113.00, we find $140.00. Given the previous closing price of $126.07, this indicates a potential upside of 11.05 percent. RGLD stock price is now 12.05% away from the 50-day moving average and 15.85% away from the 200-day moving average. The market capitalization of the company currently stands at $8.23B.
The stock has received a hold rating from 9 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $135.54 as their price target over the next twelve months.
, while ‘BofA Securities’ rates the stock as ‘Neutral’.
In other news, Libner Paul, CFO & Treasurer sold 750 shares of the company’s stock on Jan 04. The stock was sold for $90,000 at an average price of $120.00. Upon completion of the transaction, the CFO & Treasurer now directly owns 13,515 shares in the company, valued at $1.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03, CFO & Treasurer Libner Paul sold 250 shares of the business’s stock. A total of $28,750 was realized by selling the stock at an average price of $115.00. This leaves the insider owning 14,265 shares of the company worth $1.8 million. Insiders disposed of 15,776 shares of company stock worth roughly $1.99 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RGLD stock. A new stake in Royal Gold Inc. shares was purchased by DEPRINCE RACE & ZOLLO INC during the first quarter worth $30,404,000. HEARTLAND ADVISORS INC invested $8,423,000 in shares of RGLD during the first quarter. In the first quarter, RIVER ROAD ASSET MANAGEMENT, LLC acquired a new stake in Royal Gold Inc. valued at approximately $8,306,000. HRT FINANCIAL LP acquired a new stake in RGLD for approximately $7,145,000. JANE STREET GROUP, LLC purchased a new stake in RGLD valued at around $5,914,000 in the second quarter. In total, there are 575 active investors with 82.50% ownership of the company’s stock.
On Monday morning Royal Gold Inc. (NASDAQ: RGLD) stock kicked off with the opening price of $125.21. During the past 12 months, Royal Gold Inc. has had a low of $84.54 and a high of $147.70. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 2.80, and a quick ratio of 2.60. The fifty day moving average price for RGLD is $113.25 and a two-hundred day moving average price translates $108.97 for the stock.
The latest earnings results from Royal Gold Inc. (NASDAQ: RGLD) was released for Jun, 2022. According to the Gold Company, earnings per share came in at $0.81, missing analysts’ expectations of $0.9 by -0.09. This compares to $1.07 EPS in the same period last year. The net profit margin was 41.20% and return on equity was 9.50% for RGLD. The company reported revenue of $131.43 million for the quarter, compared to $174.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.65 percent. For the current quarter, analysts expect RGLD to generate $140.01M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/20/2023. Investors who held shares on 01/06/2023 were paid a $0.375 dividend. On an annualized basis, this represents a $1.50 dividend and a 1.19% percent yield. There was an ex-dividend date of 01/05/2023 for this dividend. In terms of dividend payout ratio, RGLD is presently at 35.30%.
Royal Gold Inc.(RGLD) Company Profile
Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt. As of June 30, 2022, the Company owned interests in 185 properties on five continents, including interests on 41 producing mines and 19 development stage projects. Its stream and royalty interests on properties are located in the United States, Canada, Chile, the Dominican Republic, Australia, Africa, Mexico, and internationally. Royal Gold, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.