Raymond James Boosts Royal Gold (NASDAQ:RGLD) Price Target to $170.00

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price objective raised by Raymond James from $167.00 to $170.00 in a research report released on Friday, Benzinga reports. The brokerage currently has an outperformer rating on the basic materials company’s stock. Raymond James also issued estimates for Royal Gold’s Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.12 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.17 EPS and FY2025 earnings at $4.48 EPS.

RGLD has been the topic of a number of other reports. Jefferies Financial Group raised their price objective on Royal Gold from $130.00 to $141.00 and gave the company a hold rating in a report on Friday, July 12th. CIBC lifted their price target on shares of Royal Gold from $166.00 to $175.00 and gave the stock a neutral rating in a research note on Wednesday, July 10th. Bank of America boosted their price objective on shares of Royal Gold from $129.00 to $131.00 and gave the stock an underperform rating in a report on Wednesday, June 26th. BMO Capital Markets lifted their target price on shares of Royal Gold from $168.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday, July 10th. Finally, Scotiabank boosted their price target on shares of Royal Gold from $144.00 to $148.00 and gave the stock a sector perform rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold currently has a consensus rating of Hold and an average target price of $155.71.

Royal Gold Price Performance

Shares of RGLD traded up $1.63 during midday trading on Friday, hitting $129.56. 293,965 shares of the company traded hands, compared to its average volume of 303,452. The stock has a 50-day moving average of $130.00 and a 200-day moving average of $122.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.50 and a quick ratio of 2.35. Royal Gold has a one year low of $100.55 and a one year high of $141.05. The firm has a market cap of $8.52 billion, a P/E ratio of 38.22, a PEG ratio of 1.04 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $174.10 million during the quarter, compared to the consensus estimate of $172.12 million. Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. As a group, sell-side analysts predict that Royal Gold will post 4.69 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, July 5th. Royal Gold’s payout ratio is 47.20%.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now directly owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of Royal Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale increased its position in Royal Gold by 1,800.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock valued at $2,306,000 after buying an additional 18,344 shares in the last quarter. River Road Asset Management LLC lifted its position in Royal Gold by 19.4% during the fourth quarter. River Road Asset Management LLC now owns 52,578 shares of the basic materials company’s stock valued at $6,360,000 after purchasing an additional 8,550 shares in the last quarter. Victory Capital Management Inc. increased its position in Royal Gold by 22.4% in the fourth quarter. Victory Capital Management Inc. now owns 193,518 shares of the basic materials company’s stock worth $23,408,000 after buying an additional 35,458 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Royal Gold by 151.2% in the first quarter. BNP Paribas Financial Markets now owns 24,941 shares of the basic materials company’s stock worth $3,037,000 after buying an additional 15,012 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Royal Gold during the 4th quarter valued at about $1,239,000. 83.65% of the stock is owned by hedge funds and other 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.