Royal Gold, Inc. (NASDAQ:RGLD) Given Average Rating of “Hold” by Analysts

Shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $133.56.

Several analysts have issued reports on the company. StockNews.com cut Royal Gold from a “hold” rating to a “sell” rating in a report on Friday, November 4th. Barclays dropped their price target on Royal Gold from $110.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Monday, October 17th. TD Securities lowered their target price on Royal Gold from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. National Bankshares reduced their price target on Royal Gold from $125.00 to $120.00 and set a “sector perform” rating for the company in a report on Friday, November 4th. Finally, Eight Capital reduced their price objective on Royal Gold to $143.00 in a report on Thursday, October 27th.

Institutional Investors Weigh In On Royal Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGLD. JFS Wealth Advisors LLC grew its position in Royal Gold by 1,458.3% in the first quarter. JFS Wealth Advisors LLC now owns 187 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 175 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Royal Gold during the first quarter worth about $26,000. National Bank of Canada FI grew its stake in Royal Gold by 280.0% in the 2nd quarter. National Bank of Canada FI now owns 247 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 182 shares during the period. Harbor Investment Advisory LLC grew its position in shares of Royal Gold by 200.0% during the 3rd quarter. Harbor Investment Advisory LLC now owns 300 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in Royal Gold in the 2nd quarter worth about $41,000. 78.04% of the stock is owned by institutional investors.

Royal Gold Price Performance

RGLD opened at $104.40 on Friday. Royal Gold has a 12-month low of $84.54 and a 12-month high of $147.70. The company has a current ratio of 2.82, a quick ratio of 2.61 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $95.55 and its 200-day simple moving average is $103.38. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 3.25 and a beta of 0.59.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, January 6th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, January 5th. This is a positive change from Royal Gold’s previous quarterly dividend of $0.35. Royal Gold’s payout ratio is currently 36.65%.

About Royal Gold

(Get Rating)

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt.

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