Royal Gold (NASDAQ:RGLD) Issues Quarterly Earnings Results

Royal Gold (NASDAQ:RGLD) (TSE:RGL) released its earnings results on Wednesday. The basic materials company reported $1.63 earnings per share for the quarter, topping the consensus estimate 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 Price Performance

NASDAQ RGLD traded up $2.32 during trading hours on Wednesday, reaching $147.19. The company’s stock had a trading volume of 473,434 shares, compared to its average volume of 406,737. The firm has a fifty day simple moving average of $139.38 and a 200-day simple moving average of $140.96. Royal Gold has a 52 week low of $100.55 and a 52 week high of $155.10. The stock has a market cap of $9.68 billion, a P/E ratio of 33.76, a P/E/G ratio of 0.87 and a beta of 0.90.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s dividend payout ratio is currently 41.28%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

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.