Research analysts at KeyCorp initiated coverage on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a report released on Friday, PriceTargets.com reports. The brokerage set a “sector weight” rating on the basic materials company’s stock.
Several other research analysts have also recently issued reports on the stock. Raymond James set a $146.00 price target on shares of Royal Gold and gave the stock an “outperform” rating in a report on Friday, July 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $117.21 price target on shares of Royal Gold in a report on Monday, July 26th. National Bank Financial cut their price target on shares of Royal Gold from C$160.00 to C$155.00 and set a “sector perform” rating for the company in a report on Friday, September 10th. BMO Capital Markets increased their price target on shares of Royal Gold from $138.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, August 13th. Finally, TD Securities cut their price target on shares of Royal Gold from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.15.
Shares of NASDAQ:RGLD opened at $100.23 on Friday. The company has a 50-day simple moving average of $112.27 and a 200-day simple moving average of $114.56. Royal Gold has a one year low of $99.32 and a one year high of $129.69. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.70 and a beta of 0.61.
In other Royal Gold news, CFO Paul Libner sold 921 shares of the stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $112.58, for a total transaction of $103,686.18. Following the transaction, the chief financial officer now owns 15,198 shares of the company’s stock, valued at $1,710,990.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Randy Shefman sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $111.19, for a total transaction of $111,190.00. Following the transaction, the vice president now directly owns 8,006 shares in the company, valued at approximately $890,187.14. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Royal Gold by 6.2% in the 1st quarter. JPMorgan Chase & Co. now owns 172,940 shares of the basic materials company’s stock valued at $18,611,000 after acquiring an additional 10,147 shares during the period. Alpine Woods Capital Investors LLC purchased a new position in shares of Royal Gold in the 1st quarter valued at $9,094,000. Price T Rowe Associates Inc. MD raised its stake in shares of Royal Gold by 21.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 94,656 shares of the basic materials company’s stock valued at $10,187,000 after acquiring an additional 16,596 shares during the period. Integrated Advisors Network LLC increased its stake in Royal Gold by 91.0% during the 2nd quarter. Integrated Advisors Network LLC now owns 7,234 shares of the basic materials company’s stock worth $825,000 after buying an additional 3,447 shares during the period. Finally, American International Group Inc. increased its stake in Royal Gold by 0.4% during the 1st quarter. American International Group Inc. now owns 119,387 shares of the basic materials company’s stock worth $12,848,000 after buying an additional 439 shares during the period. 79.30% of the stock is currently owned by institutional investors.
About Royal Gold
Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.
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