Royal Gold (RGLD) to Release Quarterly Earnings on Wednesday

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) will post its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect Royal Gold to post earnings of $0.83 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Royal Gold Stock Performance

Shares of RGLD opened at $112.90 on Wednesday. The company has a quick ratio of 2.17, a current ratio of 2.31 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $119.08 and a two-hundred day simple moving average of $113.67. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.41 and a beta of 0.89. Royal Gold has a 52 week low of $101.82 and a 52 week high of $147.82.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 5th were given a $0.40 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.42%. Royal Gold’s dividend payout ratio is presently 45.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGLD. Fort Sheridan Advisors LLC acquired a new stake in Royal Gold during the 4th quarter worth about $230,000. Vident Investment Advisory LLC acquired a new stake in Royal Gold during the 1st quarter worth about $216,000. Mercer Global Advisors Inc. ADV acquired a new stake in Royal Gold during the 1st quarter worth about $214,000. NewEdge Advisors LLC acquired a new stake in Royal Gold during the 2nd quarter worth about $201,000. Finally, Captrust Financial Advisors lifted its position in Royal Gold by 31.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,273 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 305 shares during the period. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Securities cut their target price on Royal Gold from $175.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. BMO Capital Markets increased their target price on Royal Gold from $137.00 to $139.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and a consensus price target of $146.88.

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Royal Gold Company Profile

(Get Free Report)

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.

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Earnings History for Royal Gold (NASDAQ:RGLD)

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