News headlines about Royal Gold (NASDAQ:RGLD) (TSE:RGL) have been trending positive this week, Alpha One reports. The research group, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Royal Gold earned a news impact score of 0.37 on Alpha One’s scale. Alpha One also gave news stories about the basic materials company an impact score of 51 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Alpha One Sentiment’s rankings:
- BRIEF-Royal Gold Inc says Gordon J. Bogden tendered his resignation from board of directors (feeds.reuters.com)
- Better Buy: Franco-Nevada Corporation vs. Royal Gold, Inc – nwitimes.com (nwitimes.com)
- CIBC Boosts Rating On Royal Gold, Inc. (RGLD) To “Sector Outperform” – Highlight Press (highlightpress.com)
- Better Buy: Franco-Nevada Corporation vs. Royal Gold, Inc – Motley Fool (fool.com)
Shares of Royal Gold (RGLD) traded down 0.56% during midday trading on Friday, hitting $75.03. The company had a trading volume of 956,828 shares. The company has a market capitalization of $4.90 billion, a P/E ratio of 47.94 and a beta of 0.73. Royal Gold has a 52 week low of $60.21 and a 52 week high of $87.74. The firm’s 50 day moving average is $76.28 and its 200 day moving average is $70.28.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. Royal Gold had a net margin of 23.93% and a return on equity of 4.22%. The business had revenue of $107 million for the quarter, compared to analysts’ expectations of $105.14 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts anticipate that Royal Gold will post $1.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. Royal Gold’s dividend payout ratio is presently 61.15%.
Several brokerages have recently weighed in on RGLD. National Bank Financial cut Royal Gold from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $80.00 to $82.50 in a research note on Thursday, April 20th. Barclays PLC reissued an “overweight” rating and issued a $83.00 price target (up previously from $82.00) on shares of Royal Gold in a research note on Saturday, April 22nd. Zacks Investment Research cut Royal Gold from a “hold” rating to a “sell” rating in a research note on Thursday, April 6th. BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Scotiabank increased their price target on Royal Gold from $81.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, May 12th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Royal Gold presently has a consensus rating of “Buy” and an average target price of $89.13.
In related news, CFO Stefan Wenger sold 2,000 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $70.10, for a total transaction of $140,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $80.00, for a total value of $2,000,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,000 shares of company stock worth $2,758,220. 1.37% of the stock is owned by company insiders.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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