Royal Gold, Inc. (NASDAQ:RGLD) Expected to Post Earnings of $0.92 Per Share

Wall Street brokerages expect Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) to report earnings of $0.92 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Royal Gold’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.89. Royal Gold also reported earnings of $0.92 per share in the same quarter last year. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 16th.

According to Zacks, analysts expect that Royal Gold will report full year earnings of $4.03 per share for the current fiscal year, with EPS estimates ranging from $3.78 to $4.36. For the next year, analysts forecast that the company will post earnings of $4.16 per share, with EPS estimates ranging from $3.98 to $4.40. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Royal Gold.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 3rd. The basic materials company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.10. Royal Gold had a net margin of 41.31% and a return on equity of 10.26%. The firm had revenue of $174.43 million for the quarter, compared to the consensus estimate of $166.16 million. During the same quarter in the previous year, the company earned $0.82 earnings per share.

Several equities research analysts have recently commented on the stock. Bank of America upgraded shares of Royal Gold from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $108.75 to $125.00 in a research note on Monday, November 22nd. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating and set a $106.00 price target on the stock in a research report on Tuesday, October 26th. National Bank Financial reduced their price target on shares of Royal Gold from C$155.00 to C$140.00 in a research report on Friday, January 7th. Finally, Raymond James boosted their price objective on Royal Gold from $136.00 to $139.00 and gave the stock an “outperform” rating in a report on Tuesday, January 18th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Royal Gold currently has a consensus rating of “Hold” and an average target price of $133.47.

Several hedge funds have recently made changes to their positions in the company. State of Michigan Retirement System increased its stake in shares of Royal Gold by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 16,587 shares of the basic materials company’s stock valued at $1,745,000 after acquiring an additional 200 shares during the last quarter. Uncommon Cents Investing LLC grew its position in shares of Royal Gold by 8.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 10,570 shares of the basic materials company’s stock valued at $1,112,000 after purchasing an additional 790 shares during the period. RMB Capital Management LLC grew its position in shares of Royal Gold by 1.1% in the 4th quarter. RMB Capital Management LLC now owns 67,333 shares of the basic materials company’s stock valued at $7,084,000 after purchasing an additional 757 shares during the period. JMG Financial Group Ltd. acquired a new position in shares of Royal Gold in the 4th quarter valued at approximately $253,000. Finally, New York State Teachers Retirement System grew its position in shares of Royal Gold by 12.1% in the 4th quarter. New York State Teachers Retirement System now owns 69,615 shares of the basic materials company’s stock valued at $7,324,000 after purchasing an additional 7,498 shares during the period. 79.40% of the stock is owned by institutional investors.

Shares of NASDAQ:RGLD opened at $99.97 on Tuesday. Royal Gold has a 52 week low of $92.01 and a 52 week high of $129.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.65 and a current ratio of 3.85. The company’s fifty day moving average is $101.44 and its 200-day moving average is $105.37. The company has a market capitalization of $6.56 billion, a PE ratio of 24.75, a P/E/G ratio of 2.49 and a beta of 0.65.

The business also recently declared a quarterly dividend, which was paid on Friday, January 21st. Stockholders of record on Friday, January 7th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, January 6th. This is a boost from Royal Gold’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.40%. Royal Gold’s dividend payout ratio is 34.65%.

Royal Gold Company Profile

Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction.

Further Reading: Net Margin

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Author: ETF Daily News Team