What is the Price Targets for Royal Gold Inc. (RGLD)?

Royal Gold Inc. (NASDAQ:RGLD) saw an upside of 0.76% to close Monday at $125.44 after adding $0.95 on the day. The 5-day average trading volume is 620,820 shares of the company’s common stock. It has gained $131.43 in the past week and touched a new high 2 times within the past 5 days. An average of 443,855 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 473,182.

RGLD’s 1-month performance is 4.07% or $0.65 on its low of $121.76 reached on 01/10/23. The company’s shares have touched a 52-week low of $84.54 and high of $147.70, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, RGLD has achieved 11.28% or $12.72 and has reached a new high 6 times. However, the current price is down -15.07% from the 52-week high price.

Insider Transactions

RGLD stock investors last saw insider trading activity on Jan 04.Libner Paul (CFO & Treasurer) most recently sold 750 shares at $120.00 per share on Jan 04. This transaction cost the insider $90,000. CFO & Treasurer, Libner Paul, sold 250 shares at a price of $115.00 on Jan 03. Then, on Dec 01, CFO & Treasurer Libner Paul sold 500 shares at a price of $115.00 per share. This transaction amounted to $57,500.

Valuation Metrics

RGLD stock has a beta of 0.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.90 while the price-to-book (PB) in the most recent quarter is 3.04.

Royal Gold Inc.’s quick ratio for the period ended September 29 was 2.60, with the current ratio over the same period at 2.80. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.16, while the total debt to equity was 0.16. In terms of profitability, the gross margin trailing 12 months is 83.30%. The trailing 12-month EBITDA margin is 79.12% while for the period ending September 29, Royal Gold Inc.’s operating margin was 48.30%. 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 September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -78.38% to $45.79 million, while revenue of $71.14 million was -55.36% off the previous quarter. Analysts expected RGLD to announce $0.73 per share in earnings in its latest quarter, but it posted $0.71, representing a -2.70% surprise. EBITDA for the quarter stood at more than $99.54 million. RGLD stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 656.85 million, with total debt at $452.18 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 06 February was 48.60% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.21%.

The stock’s 5-day moving average is $127.09, reflecting a -1.89% or -$2.41 change from its current price. RGLD is currently trading +0.52% above its 20-day SMA, +34.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.58% and SMA200 by-13.03%.

Stochastic %K and %D was 37.17% and 52.21% and the average true range (ATR) pointed at 3.56. The RSI (14) points at 53.48%, while the 14-day stochastic is at 31.82% with the period’s ATR at 3.48. The stock’s 9-day MACD Oscillator is pointing at -2.12 and -1.27 on the 14-day charts.

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