Analysts Set Royal Gold, Inc. (NASDAQ:RGLD) Price Target at $174.75

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given an average recommendation of “Hold” by the nine brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $178.00.

Several equities research analysts recently commented on RGLD shares. BMO Capital Markets started coverage on Royal Gold in a research note on Wednesday. They issued a “market perform” rating and a $196.00 price target for the company. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $166.00 to $189.00 in a research report on Monday. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Raymond James lifted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada lowered their target price on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Trading of Royal Gold

Hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold in the fourth quarter valued at $25,000. Nomura Asset Management Co. Ltd. boosted its stake in Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after buying an additional 110 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the 4th quarter valued at $42,000. Jones Financial Companies Lllp raised its stake in shares of Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock valued at $49,000 after buying an additional 293 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Royal Gold by 66.7% during the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 158 shares during the period. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 0.8 %

Royal Gold stock opened at $184.90 on Tuesday. Royal Gold has a 12 month low of $118.00 and a 12 month high of $191.22. The stock has a market cap of $12.17 billion, a P/E ratio of 36.69, a P/E/G ratio of 3.42 and a beta of 0.77. The company’s fifty day simple moving average is $156.81 and its 200-day simple moving average is $147.34.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, equities research analysts expect that Royal Gold will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were given a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 0.97%. Royal Gold’s dividend payout ratio is 35.71%.

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.