Raymond James Reiterates Outperform Rating for Royal Gold (NASDAQ:RGLD)

Raymond James restated their outperform ranking on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a report revealed on Friday, Could third, BayStreet.CA reviews. They at the moment have a $98.00 worth goal on the fundamental supplies firm’s inventory.

Quite a lot of different equities analysis analysts have additionally commented on RGLD. Zacks Funding Analysis upgraded shares of Royal Gold from a promote ranking to a maintain ranking in a report on Monday, January seventh. BidaskClub lowered shares of Royal Gold from a purchase ranking to a maintain ranking in a report on Tuesday, January 15th. TD Securities upped their worth goal on shares of Royal Gold from $92.00 to $94.00 and gave the corporate a maintain ranking in a report on Monday, February 11th. BMO Capital Markets lowered shares of Royal Gold from an outperform ranking to a market carry out ranking in a report on Wednesday, March 27th. Lastly, B. Riley upgraded shares of Royal Gold from a impartial ranking to a purchase ranking and upped their worth goal for the inventory from $86.00 to $100.00 in a report on Monday, April 1st. One analysis analyst has rated the inventory with a promote ranking, eight have assigned a maintain ranking and 4 have assigned a purchase ranking to the inventory. The corporate at the moment has a consensus ranking of Maintain and a mean goal worth of $95.75.

RGLD inventory traded up $1.11 throughout noon buying and selling on Friday, reaching $84.62. The corporate had a buying and selling quantity of 304,093 shares, in comparison with its common quantity of 373,699. Royal Gold has a 1 yr low of $70.16 and a 1 yr excessive of $98.53. The inventory has a market cap of $5.54 billion, a PE ratio of 48.08, a P/E/G ratio of 5.55 and a beta of zero.11. The corporate has a debt-to-equity ratio of zero.17, a present ratio of 5.39 and a fast ratio of 5.13.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) final introduced its quarterly earnings information on Wednesday, Could 1st. The essential supplies firm reported $zero.44 earnings per share (EPS) for the quarter, lacking the Zacks’ consensus estimate of $zero.45 by ($zero.01). Royal Gold had a internet margin of 22.19% and a return on fairness of four.36%. The enterprise had income of $109.80 million through the quarter, in comparison with analysts’ expectations of $115.32 million. Throughout the identical interval final yr, the corporate posted $zero.48 EPS. Royal Gold’s income for the quarter was down 5.three% on a year-over-year foundation. On common, analysis analysts count on that Royal Gold will submit 1.53 EPS for the present fiscal yr.

The agency additionally just lately declared a quarterly dividend, which was paid on Friday, April 19th. Buyers of file on Friday, April fifth had been paid a $zero.265 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.06 annualized dividend and a dividend yield of 1.25%. Royal Gold’s payout ratio is 60.23%.

Institutional traders have just lately modified their holdings of the inventory. Vanguard Group Inc. grew its place in Royal Gold by 1.eight% through the third quarter. Vanguard Group Inc. now owns 6,410,978 shares of the fundamental supplies firm’s inventory valued at $494,029,000 after buying a further 113,273 shares over the past quarter. Vanguard Group Inc grew its place in Royal Gold by 1.eight% through the third quarter. Vanguard Group Inc now owns 6,410,978 shares of the fundamental supplies firm’s inventory valued at $494,029,000 after buying a further 113,273 shares over the past quarter. Van ECK Associates Corp grew its place in Royal Gold by 20.9% through the 4th quarter. Van ECK Associates Corp now owns four,811,625 shares of the fundamental supplies firm’s inventory valued at $412,116,000 after buying a further 831,zero19 shares over the past quarter. Oregon Public Staff Retirement Fund grew its place in Royal Gold by eight,465.zero% through the 4th quarter. Oregon Public Staff Retirement Fund now owns 2,209,941 shares of the fundamental supplies firm’s inventory valued at $26,000 after buying a further 2,184,139 shares over the past quarter. Lastly, Norges Financial institution bought a brand new stake in Royal Gold through the 4th quarter valued at about $82,113,000. Institutional traders personal 77.89% of the corporate’s inventory.

About Royal Gold

Royal Gold, Inc, along with its subsidiaries, acquires and manages treasured metallic streams, royalties, and associated pursuits. It focuses on buying stream and royalty pursuits or to finance tasks which are in manufacturing or in improvement stage in change for stream or royalty pursuits, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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