Royal Gold, Inc. (NASDAQ:RGLD) to Issue Quarterly Dividend of $0.40

Royal Gold, Inc. (NASDAQ:RGLDGet Free Report) (TSE:RGL) declared a quarterly dividend on Thursday, February 29th, Zacks reports. Investors of record on Friday, April 5th will be paid a dividend of 0.40 per share by the basic materials company on Friday, April 19th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 4th.

Royal Gold has raised its dividend by an average of 10.2% annually over the last three years and has increased its dividend annually for the last 23 consecutive years. Royal Gold has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Royal Gold to earn $5.13 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 31.2%.

Royal Gold Stock Up 0.2 %

RGLD opened at $122.72 on Wednesday. The company has a 50-day moving average price of $111.55 and a 200 day moving average price of $113.19. Royal Gold has a twelve month low of $100.55 and a twelve month high of $147.82. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.06 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The firm had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts expect that Royal Gold will post 4.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now owns 12,127 shares in the company, valued at approximately $1,370,351. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Royal Gold

Several hedge funds and other institutional investors have recently bought and sold shares of RGLD. Public Employees Retirement System of Ohio boosted its stake in shares of Royal Gold by 2.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 27,836 shares of the basic materials company’s stock valued at $3,367,000 after purchasing an additional 752 shares during the period. Barclays PLC raised its position in Royal Gold by 171.3% in the 4th quarter. Barclays PLC now owns 89,814 shares of the basic materials company’s stock valued at $10,864,000 after purchasing an additional 56,707 shares during the last quarter. Vanguard Group Inc. raised its position in Royal Gold by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,643,568 shares of the basic materials company’s stock valued at $803,606,000 after purchasing an additional 22,921 shares during the last quarter. Voya Investment Management LLC raised its position in Royal Gold by 38.9% during the 4th quarter. Voya Investment Management LLC now owns 22,050 shares of the basic materials company’s stock worth $2,667,000 after buying an additional 6,172 shares during the last quarter. Finally, Vident Advisory LLC raised its position in Royal Gold by 132.5% during the 4th quarter. Vident Advisory LLC now owns 30,299 shares of the basic materials company’s stock worth $3,665,000 after buying an additional 17,266 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Jefferies Financial Group started coverage on Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price on the stock. Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $148.00 to $158.00 in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Royal Gold currently has an average rating of “Hold” and a consensus target price of $145.67.

Check Out Our Latest Analysis on RGLD

About Royal Gold

(Get Free Report)

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.

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Dividend History for Royal Gold (NASDAQ:RGLD)

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