Published On: Thu, Sep 22nd, 2016

Q2 2017 Earnings Estimate for Royal Gold Inc. Issued By FBR & Co (RGLD)

Royal Gold Inc. (NASDAQ:RGLD) – FBR & Co decreased their Q2 2017 earnings per share estimates for Royal Gold in a report released on Tuesday. FBR & Co analyst L. Pipes now expects that the firm will post earnings of $0.43 per share for the quarter, down from their prior estimate of $0.44. FBR & Co has a “Hold” rating and a $80.00 price objective on the stock. FBR & Co also issued estimates for Royal Gold’s Q3 2017 earnings at $0.39 EPS, Q4 2017 earnings at $0.39 EPS and FY2018 earnings at $1.66 EPS.
Royal Gold (NASDAQ:RGLD) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The business earned $94.10 million during the quarter, compared to analyst estimates of $100.62 million. Royal Gold had a negative net margin of 21.44% and a positive return on equity of 2.81%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share.
A number of other research analysts have also issued reports on the stock. BMO Capital Markets raised shares of Royal Gold from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 6th. RBC Capital Markets reissued an “outperform” rating on shares of Royal Gold in a research note on Tuesday. Zacks Investment Research raised shares of Royal Gold from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Friday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $84.00 target price on shares of Royal Gold in a research note on Monday, June 13th. Finally, National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $72.00 to $85.00 in a research note on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $72.29.

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Royal Gold (NASDAQ:RGLD) traded down 0.53% during mid-day trading on Thursday, hitting $84.74. 573,831 shares of the stock traded hands. The stock has a 50 day moving average price of $80.24 and a 200 day moving average price of $66.83. Royal Gold has a 12-month low of $24.68 and a 12-month high of $87.74. The firm’s market cap is $5.53 billion.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Royal Gold by 3.0% in the second quarter. Vanguard Group Inc. now owns 5,145,821 shares of the company’s stock worth $370,602,000 after buying an additional 151,587 shares during the last quarter. State Street Corp raised its stake in Royal Gold by 1.7% in the second quarter. State Street Corp now owns 2,154,782 shares of the company’s stock worth $155,181,000 after buying an additional 35,999 shares in the last quarter. Capital World Investors raised its stake in Royal Gold by 1.6% in the second quarter. Capital World Investors now owns 2,015,000 shares of the company’s stock worth $145,120,000 after buying an additional 31,250 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Royal Gold by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,935,414 shares of the company’s stock worth $139,389,000 after buying an additional 19,744 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Royal Gold by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 915,195 shares of the company’s stock worth $65,906,000 after buying an additional 41,099 shares in the last quarter. Institutional investors and hedge funds own 69.01% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.08%. Royal Gold’s payout ratio is currently -77.97%.
Royal Gold Company Profile
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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