Royal Gold (RGLD) PT Set at $89.00 by Scotiabank

Scotiabank set a $89.00 target price on Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a research report released on Tuesday. The firm currently has a hold rating on the basic materials company’s stock.

RGLD has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Royal Gold from a sell rating to a hold rating in a report on Wednesday, November 8th. TheStreet upgraded shares of Royal Gold from a c+ rating to a b- rating in a report on Wednesday, November 8th. BMO Capital Markets set a $105.00 target price on shares of Royal Gold and gave the stock a buy rating in a report on Tuesday, November 14th. Eight Capital reiterated a neutral rating on shares of Royal Gold in a report on Thursday, November 16th. Finally, BidaskClub downgraded shares of Royal Gold from a sell rating to a strong sell rating in a report on Saturday, December 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $95.54.

How to Become a New Pot Stock Millionaire

Shares of Royal Gold (NASDAQ RGLD) opened at $81.98 on Tuesday. 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 firm has a market capitalization of $5,370.00, a PE ratio of 64.05, a P/E/G ratio of 4.86 and a beta of 0.70. Royal Gold has a fifty-two week low of $61.19 and a fifty-two week high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $114.35 million during the quarter, compared to the consensus estimate of $114.79 million. Royal Gold had a net margin of 13.00% and a return on equity of 4.31%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. research analysts anticipate that Royal Gold will post 1.69 EPS for the current fiscal year.

In other news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 4,500 shares of company stock worth $387,750 in the last 90 days. Insiders own 1.12% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Sprott Inc. grew its stake in shares of Royal Gold by 4.3% during the third quarter. Sprott Inc. now owns 32,797 shares of the basic materials company’s stock worth $2,822,000 after acquiring an additional 1,359 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Royal Gold by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 215,769 shares of the basic materials company’s stock worth $18,565,000 after acquiring an additional 2,512 shares during the last quarter. America First Investment Advisors LLC grew its stake in shares of Royal Gold by 2.7% during the third quarter. America First Investment Advisors LLC now owns 150,863 shares of the basic materials company’s stock worth $12,980,000 after acquiring an additional 3,996 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Royal Gold by 1.7% during the third quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock worth $304,409,000 after acquiring an additional 58,541 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Royal Gold by 4.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 234,398 shares of the basic materials company’s stock worth $20,168,000 after acquiring an additional 9,879 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://sportsperspectives.com/2018/03/10/royal-gold-rgld-pt-set-at-89-00-by-scotiabank.html.

Royal Gold Company Profile

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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply