Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) shares rose 5.8% during trading on Thursday . The company traded as high as $79.76 and last traded at $79.06. Approximately 900,118 shares traded hands during trading, an increase of 73% from the average daily volume of 519,541 shares. The stock had previously closed at $74.70.

RGLD has been the topic of a number of recent research reports. Barclays initiated coverage on Royal Gold in a research note on Wednesday. They set an “equal weight” rating and a $78.00 price objective on the stock. Canaccord Genuity set a $102.00 price objective on Royal Gold and gave the stock a “buy” rating in a research note on Tuesday, July 24th. ValuEngine cut Royal Gold from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. National Bank Financial reduced their price objective on Royal Gold from $102.50 to $97.50 and set a “sector perform” rating on the stock in a research note on Saturday, July 14th. Finally, Raymond James reduced their price objective on Royal Gold from $99.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $97.13.

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.27. The company has a market capitalization of $5.05 billion, a P/E ratio of 44.06, a PEG ratio of 3.97 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The business had revenue of $116.20 million for the quarter, compared to analysts’ expectations of $115.57 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. Research analysts expect that Royal Gold, Inc will post 1.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, October 4th. Royal Gold’s dividend payout ratio (DPR) is 56.82%.

In other Royal Gold news, Director Jamie C. Sokalsky purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average price of $77.25 per share, for a total transaction of $154,500.00. Following the completion of the purchase, the director now owns 9,200 shares in the company, valued at approximately $710,700. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sybil E. Veenman purchased 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The stock was acquired at an average price of $78.11 per share, for a total transaction of $39,055.00. Following the purchase, the director now owns 2,515 shares of the company’s stock, valued at approximately $196,446.65. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 4,500 shares of company stock worth $347,915. Insiders own 1.12% of the company’s stock.

Several large investors have recently added to or reduced their stakes in RGLD. Kovack Advisors Inc. raised its stake in Royal Gold by 13.3% during the first quarter. Kovack Advisors Inc. now owns 5,100 shares of the basic materials company’s stock valued at $438,000 after buying an additional 600 shares in the last quarter. Amalgamated Bank raised its stake in Royal Gold by 4.4% during the second quarter. Amalgamated Bank now owns 14,205 shares of the basic materials company’s stock valued at $1,319,000 after buying an additional 600 shares in the last quarter. Belpointe Asset Management LLC raised its stake in Royal Gold by 14.6% during the second quarter. Belpointe Asset Management LLC now owns 4,738 shares of the basic materials company’s stock valued at $440,000 after buying an additional 605 shares in the last quarter. Violich Capital Management Inc. raised its stake in Royal Gold by 14.1% during the second quarter. Violich Capital Management Inc. now owns 5,505 shares of the basic materials company’s stock valued at $511,000 after buying an additional 680 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Royal Gold by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,252 shares of the basic materials company’s stock valued at $2,344,000 after buying an additional 736 shares in the last quarter. Institutional investors and hedge funds own 74.87% of the company’s stock.

About Royal Gold (NASDAQ:RGLD)

Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.

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