Royal Gold (RGLD) Earnings Announcement Scheduled

Royal Gold (NASDAQ:RGLD) is set to announce its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts predict that the company will report earnings of $1.25 per share for this quarter. Interested parties can register for the company's earnings conference call using the provided link.

Previously, Royal Gold released its earnings results on August 7th, where it reported earnings of $1.25 per share, surpassing the consensus estimate of $1.18 by $0.07. The company achieved a net margin of 39.15% and a return on equity of 8.74%. Its revenue for the quarter was $174.10 million, outpacing estimates of $172.12 million. In the same quarter last year, Royal Gold posted earnings of $0.88 per share, indicating a year-over-year revenue increase of 20.9%. For the current fiscal year, analysts expect Royal Gold to reach earnings of $5 per share, with projections of $6 per share for the next fiscal year.

Royal Gold Stock Performance

As of Monday, Royal Gold's stock opened at $145.45. The stock has a yearly low of $100.55 and a high of $155.10. The company's 50-day moving average stands at $143.00, while its 200-day moving average is at $134.08. Royal Gold has a market capitalization of $9.56 billion, a price-to-earnings (P/E) ratio of 39.85, and a price-to-earnings-growth (PEG) ratio of 1.20. The stock has a beta of 0.90, indicating lower volatility than the market.

Recent Dividend Announcement

Royal Gold recently announced a quarterly dividend, which was paid on October 18th. Shareholders who were on record as of October 4th received a dividend payment of $0.40 per share. This equates to an annualized dividend of $1.60, with a yield of 1.10%. The ex-dividend date for this distribution was also October 4th. Currently, the company's payout ratio is 43.84%.

Insider Trading Activities

In related news, Senior Vice President Daniel Breeze sold 840 shares on September 13th at an average price of $143.43, totaling $120,481.20. After this sale, he holds 16,842 shares valued at approximately $2,415,648.06, which reflects no change in ownership percentage. Additionally, Chief Financial Officer Paul Libner sold 1,500 shares on August 29th for $213,795.00, maintaining direct ownership of 18,657 shares valued at about $2,659,182.21. Over the last ninety days, a total of 8,355 shares have been sold by insiders, amounting to $1,170,315. Company insiders now own 0.52% of the total shares outstanding.

Analyst Ratings Update

Various analysts have recently reviewed Royal Gold's stock, with Jefferies Financial Group raising the target price from $141.00 to $154.00 and issuing a “hold” rating. Raymond James increased their price objective from $167.00 to $170.00, giving an “outperform” rating. Scotiabank and CIBC also raised their price targets, with values set at $157.00 and $175.00, respectively. Currently, one analyst has categorized the stock as a sell, five have a hold rating, and three analysts are recommending a buy. The consensus rating for Royal Gold is currently a “Hold,” with an average price target of $159.50.

About Royal Gold

Royal Gold, Inc., along with its subsidiaries, focuses on acquiring and managing precious metal streams, royalties, and related interests. The company engages in acquiring interests in stream and royalty agreements, or funding projects that are in the production, development, or exploration stages, primarily concerning gold, silver, copper, nickel, zinc, lead, and other metals.

Earnings, Stocks, Dividend