Cantor Fitzgerald assumed coverage on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a research note issued to investors on Thursday, January 4th, MarketBeat Ratings reports. The firm set a “buy” rating and a $105.00 price target on the basic materials company’s stock. Cantor Fitzgerald’s target price points to a potential upside of 20.55% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Royal Gold in a research report on Sunday, October 1st. Royal Bank of Canada set a $89.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research report on Monday, October 23rd. BMO Capital Markets set a $105.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research report on Tuesday, November 14th. TheStreet raised shares of Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 price target for the company in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $94.63.

Royal Gold (RGLD) opened at $87.10 on Thursday. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23. Royal Gold has a 1-year low of $61.00 and a 1-year high of $94.39. The stock has a market cap of $5,795.32, a PE ratio of 60.23, a price-to-earnings-growth ratio of 5.02 and a beta of 0.46.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The business had revenue of $112.50 million for the quarter, compared to analysts’ expectations of $112.43 million. During the same period last year, the business earned $0.46 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. equities analysts anticipate that Royal Gold will post 1.76 earnings per share for the current year.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 4,500 shares of company stock worth $382,500. 1.12% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in RGLD. Almanack Investment Partners LLC. acquired a new stake in Royal Gold during the 2nd quarter worth $109,000. Mountain Capital Investment Advisors Inc acquired a new stake in Royal Gold during the 2nd quarter worth $109,000. Exane Derivatives boosted its stake in Royal Gold by 4,900.0% during the 4th quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 1,470 shares during the last quarter. KBC Group NV purchased a new position in shares of Royal Gold during the 2nd quarter worth $142,000. Finally, Quantbot Technologies LP purchased a new position in shares of Royal Gold during the 3rd quarter worth $174,000. 71.91% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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