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Royal Gold Inc. (RGLD): What Technical Indicators Show

Royal Gold Inc. (NASDAQ:RGLD) saw a downside of -5.05% to close Monday at $109.04 after subtracting -$5.8 on the day. The 5-day average trading volume…

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This article was originally published by Fosters Leader

Royal Gold Inc. (NASDAQ:RGLD) saw a downside of -5.05% to close Monday at $109.04 after subtracting -$5.8 on the day. The 5-day average trading volume is 593,620 shares of the company’s common stock. It has gained $116.58 in the past week and touched a new high 1 time within the past 5 days. An average of 522,000 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 529,046.

RGLD’s 1-month performance is -7.50% or -$8.96 on its low of $108.15 reached on 06/13/22. The company’s shares have touched a 52-week low of $92.01 and high of $147.70, with the stock’s rally to the 52-week high happening on 04/11/22. YTD, RGLD has achieved 3.64% or $3.83 and has reached a new high 25 times. However, the current price is down -26.17% from the 52-week high price.

Insider Transactions

On Jun 02, 12 days have gone by since the last insider trading activity for Royal Gold Inc. (RGLD). Shefman Randy (VP & General Counsel) most recently sold 638 shares at $117.57 per share on Jun 02. This transaction cost the insider $75,010. CFO & Treasurer, Libner Paul, sold 1,200 shares at a price of $125.00 on Mar 01. Then, on Aug 31, VP & General Counsel Shefman Randy sold 1,000 shares at a price of $111.19 per share. This transaction amounted to $111,195.

Valuation Metrics

RGLD stock has a beta of 0.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.28 while the price-to-book (PB) in the most recent quarter is 2.71.

Royal Gold Inc.’s quick ratio for the period ended March 30 was 5.00, with the current ratio over the same period at 5.20. In terms of profitability, the gross margin trailing 12 months is 83.90%. The trailing 12-month EBITDA margin is 79.12% while for the period ending March 30, Royal Gold Inc.’s operating margin was 50.20%. The firm’s gross profit as reported stood at $522.96 million against revenue of $615.86 million.

Earnings Surprise

For the quarterly period ending March 30 this year, Net income grew 8.82% to $65.68 million, while revenue of $70.18 million was -6.85% off the previous quarter. Analysts expected RGLD to announce $0.87 per share in earnings in its latest quarter, but it posted $0.99, representing a 13.80% surprise. EBITDA for the quarter stood at more than $128.56 million. RGLD stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 143.74 million, with total debt at $6.69 million. Shareholders hold equity totaling $65.64 million.

Let’s look briefly at Royal Gold Inc. (RGLD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 13 June was 34.44% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.28%.

The stock’s 5-day moving average is $113.31, reflecting a -5.05% or -$5.80 change from its current price. RGLD is currently trading -7.59% above its 20-day SMA, +3.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -22.82% and SMA200 by-0.22%.

Stochastic %K and %D was 23.39% and 32.46% and the average true range (ATR) pointed at 4.01. The RSI (14) points at 34.87%, while the 14-day stochastic is at 8.41% with the period’s ATR at 3.90. The stock’s 9-day MACD Oscillator is pointing at -2.87 and -2.91 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Royal Gold Inc. (NASDAQ: RGLD), Canaccord Genuity upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for RGLD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RGLD as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.

What is RGLD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $130.00 and a high of $175.00, with their median price target at $156.50. Looking at these predictions, the average price target given by analysts is for Royal Gold Inc. (RGLD) stock is $155.42.


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