Royal Gold (RGLD) PT Raised to $94.00 at TD Securities

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Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its target price increased by stock analysts at TD Securities from $92.00 to $94.00 in a research report issued on Monday. The brokerage presently has a “hold” rating on the basic materials company’s stock. TD Securities’ target price indicates a potential upside of 9.16% from the company’s previous close.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. BidaskClub raised shares of Royal Gold from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Raymond James set a $94.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research report on Thursday, November 1st. Barclays reduced their price objective on shares of Royal Gold from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 14th. Finally, ValuEngine raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Gold presently has an average rating of “Buy” and an average target price of $94.39.

Shares of NASDAQ:RGLD traded down $0.76 during trading on Monday, reaching $86.11. The company’s stock had a trading volume of 7,157 shares, compared to its average volume of 470,673. The company has a current ratio of 5.48, a quick ratio of 5.27 and a debt-to-equity ratio of 0.17. Royal Gold has a 12 month low of $70.16 and a 12 month high of $98.53. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 48.93, a PEG ratio of 5.52 and a beta of 0.26.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. The firm had revenue of $97.60 million during the quarter, compared to the consensus estimate of $100.80 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, equities analysts forecast that Royal Gold will post 1.57 EPS for the current year.

Several large investors have recently modified their holdings of RGLD. Capital World Investors increased its holdings in Royal Gold by 1.5% during the third quarter. Capital World Investors now owns 8,138,500 shares of the basic materials company’s stock valued at $627,153,000 after buying an additional 121,000 shares during the period. Vanguard Group Inc. increased its holdings in Royal Gold by 1.8% during the third quarter. Vanguard Group Inc. now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after buying an additional 113,273 shares during the period. Vanguard Group Inc increased its holdings in Royal Gold by 1.8% during the third quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after buying an additional 113,273 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Royal Gold by 8,465.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock valued at $26,000 after buying an additional 2,184,139 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Royal Gold by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 739,381 shares of the basic materials company’s stock valued at $56,973,000 after buying an additional 5,603 shares during the period. 78.40% of the stock is currently owned by institutional investors and hedge funds.

About Royal Gold

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, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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