Royal Gold (NASDAQ:RGLD) Given New $135.00 Price Target at BMO Capital Markets
BMO Capital Markets increased their price objective on Royal Gold from $134.00 to $135.00 in a report on Wednesday.
Royal Gold (NASDAQ:RGLD - Get Rating) (TSE:RGL) had its price objective raised by equities researchers at BMO Capital Markets from $134.00 to $135.00 in a research report issued on Wednesday, The Fly reports. BMO Capital Markets' price objective would suggest a potential upside of 8.23% from the company's previous close.
RGLD has been the topic of several other research reports. StockNews.com upgraded Royal Gold from a "sell" rating to a "hold" rating in a report on Thursday, December 1st. Eight Capital decreased their price target on Royal Gold to $143.00 in a report on Thursday, October 27th. TD Securities raised their price target on Royal Gold from $135.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 6th. Barclays decreased their price target on Royal Gold from $110.00 to $108.00 and set an "equal weight" rating on the stock in a report on Monday, October 17th. Finally, Credit Suisse Group assumed coverage on Royal Gold in a report on Monday, December 12th. They issued a "neutral" rating and a $120.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $135.36.
Royal Gold Price Performance
Shares of RGLD stock opened at $124.73 on Wednesday. The stock's fifty day moving average is $109.34 and its 200-day moving average is $102.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.61 and a current ratio of 2.82. The stock has a market capitalization of $8.19 billion, a PE ratio of 32.65, a PEG ratio of 3.31 and a beta of 0.62. Royal Gold has a 52 week low of $84.54 and a 52 week high of $147.70.
Royal Gold (NASDAQ:RGLD - Get Rating) (TSE:RGL) last announced its earnings results on Wednesday, November 2nd. The basic materials company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). The business had revenue of $131.43 million for the quarter. Royal Gold had a return on equity of 8.84% and a net margin of 41.19%. Equities research analysts expect that Royal Gold will post 3.26 EPS for the current fiscal year.
Insider Transactions at Royal Gold
In other news, CFO Paul Libner sold 250 shares of the firm's stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $115.00, for a total transaction of $28,750.00. Following the sale, the chief financial officer now owns 14,265 shares of the company's stock, valued at $1,640,475. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.38% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Royal Gold
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC raised its position in Royal Gold by 0.3% in the 4th quarter. Yousif Capital Management LLC now owns 33,566 shares of the basic materials company's stock valued at $3,784,000 after buying an additional 110 shares during the last quarter. Bank of New York Mellon Corp raised its position in Royal Gold by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 840,006 shares of the basic materials company's stock valued at $78,811,000 after buying an additional 11,395 shares during the last quarter. IHT Wealth Management LLC raised its position in Royal Gold by 17.8% in the 3rd quarter. IHT Wealth Management LLC now owns 5,444 shares of the basic materials company's stock valued at $511,000 after buying an additional 821 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Royal Gold in the 3rd quarter valued at approximately $917,000. Finally, Captrust Financial Advisors raised its position in Royal Gold by 116.6% in the 3rd quarter. Captrust Financial Advisors now owns 2,617 shares of the basic materials company's stock valued at $246,000 after buying an additional 1,409 shares during the last quarter. Institutional investors and hedge funds own 78.13% of the company's stock.
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, and cobalt.
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