Royal Gold FY2024 EPS Cut by National Bank Financial

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – National Bank Financial dropped their FY2024 earnings per share estimates for Royal Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings per share of $5.22 for the year, down from their prior estimate 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.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results 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%.

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

Royal Gold Stock Performance

Royal Gold stock opened at $153.49 on Thursday. Royal Gold has a 52 week low of $100.55 and a 52 week high of $155.58. The stock has a market capitalization of $10.09 billion, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 0.87 and a beta of 0.90. The stock has a fifty day moving average of $139.37 and a 200-day moving average of $141.00.

Royal Gold Increases Dividend

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

Insider Activity

In related news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Royal Gold

Several institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC bought a new position in Royal Gold in the fourth quarter worth approximately $25,000. Point72 Hong Kong Ltd bought a new position in shares of Royal Gold in the third quarter valued at approximately $36,000. Advisors Asset Management Inc. bought a new position in shares of Royal Gold in the third quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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 valued at $41,000 after purchasing an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Royal Gold in the fourth quarter valued at approximately $42,000. Institutional investors own 83.65% 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.