Jefferies Financial Group Increases Royal Gold (NASDAQ:RGLD) Price Target to $141.00

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price objective upped by analysts at Jefferies Financial Group from $130.00 to $141.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the basic materials company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 3.59% from the stock’s current price.

Several other brokerages also recently commented on RGLD. Scotiabank lifted their target price on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. BMO Capital Markets lifted their target price on Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America boosted their price objective on Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a research note on Wednesday, June 26th. Cibc World Mkts raised Royal Gold to a “hold” rating in a research note on Wednesday. Finally, CIBC boosted their price objective on Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold currently has an average rating of “Hold” and a consensus target price of $152.75.

Royal Gold Price Performance

Shares of NASDAQ RGLD traded up $0.23 during mid-day trading on Friday, hitting $136.12. 17,491 shares of the stock traded hands, compared to its average volume of 403,171. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.50 and a quick ratio of 2.35. Royal Gold has a twelve month low of $100.55 and a twelve month high of $136.45. The company has a market cap of $8.95 billion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. The firm has a 50 day simple moving average of $127.09 and a two-hundred day simple moving average of $119.88.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company had revenue of $148.90 million for the quarter, compared to analyst estimates of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, equities research analysts forecast that Royal Gold will post 4.56 EPS for the current fiscal year.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the completion of the sale, the senior vice president now directly owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Royal Gold

Institutional investors have recently made changes to their positions in the company. Commerce Bank grew its position in Royal Gold by 4.3% in the 4th quarter. Commerce Bank now owns 2,356 shares of the basic materials company’s stock worth $285,000 after purchasing an additional 98 shares in the last quarter. Dana Investment Advisors Inc. increased its position in shares of Royal Gold by 0.5% during the fourth quarter. Dana Investment Advisors Inc. now owns 23,255 shares of the basic materials company’s stock valued at $2,813,000 after acquiring an additional 110 shares during the last quarter. Birch Capital Management LLC lifted its holdings in Royal Gold by 16.5% during the first quarter. Birch Capital Management LLC now owns 799 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 113 shares during the period. Quadrant Capital Group LLC lifted its holdings in Royal Gold by 31.3% during the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 116 shares during the period. Finally, Wellington Management Group LLP boosted its position in Royal Gold by 0.3% in the third quarter. Wellington Management Group LLP now owns 45,382 shares of the basic materials company’s stock worth $4,825,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

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.