Headlines about Royal Gold (NASDAQ:RGLD) (TSE:RGL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Royal Gold earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 47.1085852184426 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research analysts have recently commented on the company. BidaskClub lowered Royal Gold from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. National Bank Financial boosted their price target on Royal Gold from $100.00 to $102.50 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Bank of America reduced their target price on Royal Gold from $109.00 to $99.00 and set a “hold” rating on the stock in a research report on Thursday, December 28th. Eight Capital reaffirmed a “neutral” rating on shares of Royal Gold in a research report on Thursday, November 16th. Finally, Scotiabank set a $89.00 target price on Royal Gold and gave the company a “hold” rating in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $95.54.
Shares of Royal Gold (NASDAQ RGLD) traded up $0.15 on Wednesday, hitting $83.60. The stock had a trading volume of 107,727 shares, compared to its average volume of 572,489. Royal Gold has a 1 year low of $61.75 and a 1 year high of $94.39. The company has a quick ratio of 3.80, a current ratio of 3.98 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $5,416.42, a P/E ratio of 94.83, a price-to-earnings-growth ratio of 4.91 and a beta of 0.70.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $114.35 million during the quarter, compared to analysts’ expectations of $114.79 million. Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. equities research analysts expect that Royal Gold will post 1.69 EPS for the current fiscal year.
In related news, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $88.50, for a total value of $132,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.12% of the company’s stock.
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About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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