Royal Gold, Inc. (NASDAQ:RGLD) Receives $168.86 Consensus Price Target from Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $168.86.

Several equities research analysts have recently commented on RGLD shares. Raymond James upped their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, TD Securities boosted their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Royal Gold Stock Performance

RGLD stock opened at $150.42 on Monday. Royal Gold has a fifty-two week low of $100.55 and a fifty-two week high of $155.64. The business’s 50 day moving average price is $140.07 and its two-hundred day moving average price is $142.20. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90.

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 the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Sell-side analysts forecast that Royal Gold will post 6.2 earnings per share for the current year.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the sale, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Royal Gold

Large investors have recently made changes to their positions in the business. Capital World Investors raised its holdings in shares of Royal Gold by 0.4% during the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company’s stock valued at $1,156,842,000 after purchasing an additional 37,648 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Royal Gold by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company’s stock worth $877,058,000 after acquiring an additional 89,298 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Royal Gold by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock worth $553,810,000 after buying an additional 39,394 shares during the period. Geode Capital Management LLC grew its holdings in Royal Gold by 2.6% during the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after purchasing an additional 33,151 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock valued at $135,730,000 after buying an additional 168,569 shares during the period. Institutional investors own 83.65% of the company’s stock.

About Royal Gold

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.