Royal Gold Q3 EPS Increased by National Bank Financial

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Research analysts at National Bank Financial upped their Q3 2024 earnings estimates for shares of Royal Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $1.35 per share for the quarter, up from their prior estimate of $1.06. The consensus estimate for Royal Gold’s current full-year earnings is $4.86 per share. National Bank Financial also issued estimates for Royal Gold’s FY2024 earnings at $5.10 EPS and FY2025 earnings at $6.06 EPS.

Several other research analysts also recently commented on RGLD. Scotiabank lifted their price target on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. CIBC boosted their target price on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, BMO Capital Markets upped their price target on shares of Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.86.

Royal Gold Price Performance

Shares of RGLD opened at $151.15 on Friday. The firm’s 50 day simple moving average is $141.74 and its 200 day simple moving average is $132.85. The company has a market capitalization of $9.94 billion, a P/E ratio of 41.41, a P/E/G ratio of 1.30 and a beta of 0.90. Royal Gold has a 1-year low of $100.55 and a 1-year high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The company’s revenue was up 20.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in shares of Royal Gold by 2.1% during the 4th quarter. Wellington Management Group LLP now owns 46,349 shares of the basic materials company’s stock worth $5,606,000 after buying an additional 967 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in Royal Gold by 321.8% in the first quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 325 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Royal Gold by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,742 shares of the basic materials company’s stock valued at $578,000 after acquiring an additional 191 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Royal Gold by 2.5% in the first quarter. State of Michigan Retirement System now owns 16,148 shares of the basic materials company’s stock valued at $1,967,000 after acquiring an additional 400 shares during the last quarter. Finally, Norden Group LLC purchased a new position in Royal Gold in the first quarter valued at about $3,315,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Royal Gold

In other news, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now directly owns 9,109 shares in the company, valued at $1,203,845.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Ronald J. Vance sold 1,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the transaction, the director now owns 9,109 shares of the company’s stock, valued at $1,203,845.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the transaction, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,355 shares of company stock worth $1,170,315. 0.52% of the stock is owned by corporate insiders.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold’s dividend payout ratio is currently 43.84%.

About Royal Gold

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.