FY2024 EPS Estimates for Royal Gold Boosted by Raymond James

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Investment analysts at Raymond James raised their FY2024 EPS estimates for Royal Gold in a report issued on Sunday, November 10th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $5.05 per share for the year, up from their previous forecast of $4.83. Raymond James has a “Outperform” rating and a $186.00 price target on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $5.07 per share. Raymond James also issued estimates for Royal Gold’s Q4 2024 earnings at $1.42 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.46 EPS and FY2025 earnings at $5.80 EPS.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Scotiabank raised their price objective on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Jefferies Financial Group upped their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, TD Securities lifted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $165.43.

Royal Gold Stock Performance

Royal Gold stock opened at $143.53 on Tuesday. Royal Gold has a fifty-two week low of $100.55 and a fifty-two week high of $155.10. The stock’s 50 day simple moving average is $143.68 and its two-hundred day simple moving average is $135.21. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.24 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same quarter in the previous year, the company earned $0.76 earnings per share. Royal Gold’s quarterly revenue was up 39.8% on a year-over-year basis.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold’s payout ratio is 36.70%.

Insider Activity at Royal Gold

In other news, Director Ronald J. Vance sold 415 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the transaction, the director now owns 8,194 shares in the company, valued at approximately $1,154,124.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the sale, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at $1,042,503.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald J. Vance sold 415 shares of Royal Gold stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares of the company’s stock, valued at $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,355 shares of company stock valued at $1,038,155. 0.52% of the stock is owned by insiders.

Institutional Trading of Royal Gold

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new stake in Royal Gold in the third quarter worth approximately $38,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Royal Gold in the third quarter worth $49,000. Blue Trust Inc. increased its position in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 213 shares during the last quarter. Mather Group LLC. bought a new position in Royal Gold in the second quarter valued at about $62,000. Finally, Quest Partners LLC purchased a new position in Royal Gold in the third quarter worth about $62,000. 83.65% of the stock is currently owned by institutional investors.

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.