Royal Gold (RGLD) Scheduled to Post Quarterly Earnings on Wednesday

Royal Gold (NASDAQ:RGLD) (TSE:RGL) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Royal Gold to post earnings of $0.90 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The firm had revenue of $152.70 million during the quarter, compared to analysts’ expectations of $140.32 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. On average, analysts expect Royal Gold to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Royal Gold Trading Up 0.6 %

Shares of NASDAQ RGLD opened at $122.29 on Monday. Royal Gold has a twelve month low of $100.55 and a twelve month high of $147.82. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 6.99 and a beta of 0.88. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $116.55 and its 200-day moving average is $115.45.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.60 annualized dividend and a yield of 1.31%. Royal Gold’s dividend payout ratio is presently 43.96%.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of research reports. Cantor Fitzgerald lowered shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets lowered their target price on Royal Gold from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Jefferies Financial Group began coverage on Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold currently has an average rating of “Hold” and a consensus price target of $141.43.

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.