Royal Gold (NASDAQ:RGLD) Announces Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Royal Gold (NASDAQ:RGLD) (TSE:RGL) issued its earnings results on Wednesday. The basic materials company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17, Zacks reports. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%.

Royal Gold Trading Up 4.3 %

Royal Gold stock opened at $153.49 on Friday. The firm has a market capitalization of $10.09 billion, a P/E ratio of 35.20, a P/E/G ratio of 0.87 and a beta of 0.90. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.58. The stock’s fifty day simple moving average is $139.37 and its 200-day simple moving average is $141.00.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s payout ratio is 41.28%.

Insiders Place Their Bets

In related news, SVP Daniel Breeze sold 549 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares of the company’s stock, valued at $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RGLD shares. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and raised their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James raised their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $168.86.

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.