Royal Gold (RGLD) Set to Announce Earnings on Wednesday

Royal Gold (NASDAQ:RGLD) (TSE:RGL) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Royal Gold to post earnings of $0.90 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts expect Royal Gold to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Royal Gold Stock Up 0.6 %

Shares of NASDAQ:RGLD opened at $122.29 on Monday. The stock has a market capitalization of $8.04 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 6.99 and a beta of 0.88. The stock’s 50-day moving average price is $116.55 and its 200-day moving average price is $115.45. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. Royal Gold has a 12-month low of $100.55 and a 12-month high of $147.82.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s dividend payout ratio is presently 43.96%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RGLD. Jefferies Financial Group started coverage on Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective for the company. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. BMO Capital Markets decreased their price objective on shares of Royal Gold from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.43.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

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.