Royal Gold (NASDAQ:RGLD) Issues Earnings Results

Royal Gold (NASDAQ:RGLD) (TSE:RGL) announced its earnings results on Wednesday. The basic materials company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02, Briefing.com reports. The firm had revenue of $118.77 million during the quarter, compared to analysts’ expectations of $129.47 million. Royal Gold had a return on equity of 4.42% and a net margin of 22.18%. The company’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS.

RGLD traded down $1.37 on Friday, hitting $112.38. 53,071 shares of the company’s stock traded hands, compared to its average volume of 645,462. The company’s 50 day simple moving average is $122.31 and its 200-day simple moving average is $110.27. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 77.50, a P/E/G ratio of 4.43 and a beta of 0.10. Royal Gold has a one year low of $70.16 and a one year high of $138.78. The company has a current ratio of 4.60, a quick ratio of 4.26 and a debt-to-equity ratio of 0.10.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 73.10%.

In other news, VP Mark Isto sold 2,173 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $125.02, for a total value of $271,668.46. Following the transaction, the vice president now owns 21,480 shares in the company, valued at $2,685,429.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony A. Jensen sold 46,570 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $124.59, for a total value of $5,802,156.30. The disclosure for this sale can be found here. Insiders have sold a total of 87,603 shares of company stock worth $11,107,708 in the last three months. 0.52% of the stock is owned by corporate insiders.

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RGLD has been the topic of a number of analyst reports. TD Securities lifted their price objective on Royal Gold from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, August 9th. Raymond James reaffirmed a “market perform” rating and issued a $122.00 target price on shares of Royal Gold in a research note on Thursday, October 31st. CIBC cut shares of Royal Gold from a “sector outperform” rating to a “neutral” rating in a report on Thursday, August 1st. BidaskClub cut shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, National Bank Financial upped their price target on shares of Royal Gold from $112.50 to $117.50 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Royal Gold has a consensus rating of “Hold” and an average price target of $111.94.

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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Earnings History for Royal Gold (NASDAQ:RGLD)

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