Wall Street analysts expect that Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) will post $0.99 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Royal Gold’s earnings, with the lowest EPS estimate coming in at $0.95 and the highest estimate coming in at $1.07. Royal Gold posted earnings of $0.92 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.6%. The firm is scheduled to report its next earnings results on Wednesday, February 2nd.
According to Zacks, analysts expect that Royal Gold will report full-year earnings of $3.99 per share for the current financial year, with EPS estimates ranging from $3.78 to $4.22. For the next fiscal year, analysts forecast that the business will report earnings of $4.16 per share, with EPS estimates ranging from $3.74 to $4.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Royal Gold.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 3rd. The basic materials company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.10. The company had revenue of $174.43 million for the quarter, compared to the consensus estimate of $166.16 million. Royal Gold had a return on equity of 10.26% and a net margin of 41.31%. During the same quarter last year, the business posted $0.82 EPS.
A number of brokerages have commented on RGLD. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating and set a $106.00 price objective for the company in a report on Tuesday, October 26th. Raymond James set a $136.00 price objective on Royal Gold and gave the company an “outperform” rating in a research note on Thursday, November 4th. KeyCorp assumed coverage on Royal Gold in a research report on Friday, September 24th. They set a “sector weight” rating on the stock. Bank of America raised shares of Royal Gold from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $108.75 to $125.00 in a report on Monday, November 22nd. Finally, National Bank Financial decreased their price target on shares of Royal Gold from C$160.00 to C$155.00 and set a “sector perform” rating on the stock in a report on Friday, September 10th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.80.
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A number of institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. lifted its position in shares of Royal Gold by 0.8% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 99,111 shares of the basic materials company’s stock worth $9,464,000 after purchasing an additional 824 shares during the period. Moors & Cabot Inc. purchased a new stake in Royal Gold during the third quarter valued at approximately $65,000. Schonfeld Strategic Advisors LLC lifted its position in Royal Gold by 336.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 15,644 shares of the basic materials company’s stock valued at $1,494,000 after acquiring an additional 12,061 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Royal Gold during the third quarter valued at approximately $391,000. Finally, Janus Henderson Group PLC purchased a new stake in Royal Gold during the third quarter valued at approximately $2,913,000. 79.29% of the stock is owned by institutional investors.
Shares of RGLD stock traded down $1.74 during mid-day trading on Wednesday, hitting $94.38. The company’s stock had a trading volume of 2,944 shares, compared to its average volume of 416,441. Royal Gold has a 52 week low of $92.01 and a 52 week high of $129.69. The company has a market cap of $6.19 billion, a PE ratio of 23.36, a P/E/G ratio of 2.49 and a beta of 0.64. The company’s fifty day simple moving average is $100.78 and its 200-day simple moving average is $108.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.65 and a current ratio of 3.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 21st. Investors of record on Friday, January 7th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.48%. This is an increase from Royal Gold’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, January 6th. Royal Gold’s dividend payout ratio is presently 29.70%.
Royal Gold Company Profile
Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.
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