Raymond James Analysts Decrease Earnings Estimates for Royal Gold, Inc. (NASDAQ:RGLD)

Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) – Equities research analysts at Raymond James decreased their Q3 2022 earnings estimates for Royal Gold in a research report issued on Tuesday, April 19th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.93 per share for the quarter, down from their prior forecast of $0.97. Raymond James currently has a “Outperform” rating and a $145.00 target price on the stock. Raymond James also issued estimates for Royal Gold’s Q4 2022 earnings at $1.01 EPS, Q1 2023 earnings at $0.97 EPS, Q3 2023 earnings at $1.08 EPS, Q4 2023 earnings at $1.06 EPS, Q1 2024 earnings at $1.05 EPS and Q2 2024 earnings at $1.04 EPS.

A number of other brokerages have also commented on RGLD. JPMorgan Chase & Co. cut their price objective on shares of Royal Gold from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 22nd. National Bank Financial upped their price target on shares of Royal Gold from C$140.00 to C$165.00 in a research report on Wednesday. Canaccord Genuity Group lowered shares of Royal Gold from a “buy” rating to a “hold” rating and upped their price target for the stock from $135.00 to $145.00 in a research report on Tuesday, April 5th. Barclays upped their price target on shares of Royal Gold from $122.00 to $128.00 in a research report on Thursday. Finally, TD Securities upped their price target on shares of Royal Gold from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, February 18th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $138.68.

Shares of NASDAQ RGLD opened at $137.29 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.33 and a current ratio of 3.52. Royal Gold has a 52-week low of $92.01 and a 52-week high of $147.70. The firm has a 50 day moving average price of $134.43 and a 200 day moving average price of $113.00. The stock has a market cap of $9.01 billion, a P/E ratio of 32.92, a P/E/G ratio of 3.72 and a beta of 0.63.

Royal Gold (NASDAQ:RGLDGet Rating) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 16th. The basic materials company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. Royal Gold had a net margin of 41.93% and a return on equity of 10.42%. The company had revenue of $168.52 million during the quarter, compared to analysts’ expectations of $160.82 million. During the same quarter in the previous year, the company earned $0.92 EPS. Royal Gold’s revenue was up 6.4% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Friday, April 1st were given a dividend of $0.35 per share. The ex-dividend date was Thursday, March 31st. This represents a $1.40 annualized dividend and a yield of 1.02%. Royal Gold’s dividend payout ratio is presently 33.57%.

In related news, CFO Paul Libner sold 1,200 shares of Royal Gold stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $125.00, for a total transaction of $150,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Truist Financial Corp increased its stake in Royal Gold by 16.6% during the 1st quarter. Truist Financial Corp now owns 12,587 shares of the basic materials company’s stock valued at $1,778,000 after purchasing an additional 1,795 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new position in Royal Gold during the 1st quarter worth $55,000. Louisiana State Employees Retirement System boosted its holdings in Royal Gold by 1.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the basic materials company’s stock worth $2,481,000 after acquiring an additional 300 shares during the last quarter. Meixler Investment Management Ltd. purchased a new position in Royal Gold during the 1st quarter worth $202,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Royal Gold during the 1st quarter worth $210,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Royal Gold Company Profile (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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Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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