FY2024 EPS Estimates for Royal Gold Decreased by Analyst

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Research analysts at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for Royal Gold in a research report issued on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings per share of $5.22 for the year, down from their previous forecast of $5.49. The consensus estimate for Royal Gold’s current full-year earnings is $5.16 per share. National Bank Financial also issued estimates for Royal Gold’s Q4 2024 earnings at $1.58 EPS.

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

Royal Gold Stock Up 1.6 %

Shares of RGLD stock opened at $147.19 on Thursday. The stock has a fifty day moving average of $139.37 and a 200 day moving average of $141.00. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 0.87 and a beta of 0.90. Royal Gold has a 52 week low of $100.55 and a 52 week high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RGLD. Exchange Traded Concepts LLC bought a new position in shares of Royal Gold during the fourth quarter valued at $25,000. Point72 Hong Kong Ltd bought a new stake in Royal Gold during the 3rd quarter valued at about $36,000. Advisors Asset Management Inc. bought a new stake in Royal Gold during the 3rd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. raised its holdings in Royal Gold by 61.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after buying an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Royal Gold in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s dividend payout ratio is 41.28%.

Royal Gold Company Profile

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.