Royal Gold (NASDAQ:RGLD) Announces Earnings Results, Beats Estimates By $0.17 EPS

Royal Gold (NASDAQ:RGLD) (TSE:RGL) issued its quarterly earnings results on Wednesday. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17, Zacks reports. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%.

Royal Gold Trading Up 4.3 %

RGLD opened at $153.49 on Friday. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.58. The firm has a market capitalization of $10.09 billion, a PE ratio of 35.20, a PEG ratio of 0.87 and a beta of 0.90. The firm’s 50-day moving average price is $139.37 and its 200 day moving average price is $141.00.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 3rd. Royal Gold’s dividend payout ratio is 41.28%.

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the sale, the senior vice president now directly owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RGLD shares. Raymond James upped their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. TD Securities boosted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $168.86.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.