Royal Gold (NASDAQ:RGLD) Given New $200.00 Price Target at Raymond James

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its target price lifted by Raymond James from $181.00 to $200.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Raymond James’ target price would suggest a potential upside of 28.53% from the company’s previous close.

Several other research firms have also recently commented on RGLD. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and raised their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Royal Bank of Canada decreased their target price on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $170.75.

Royal Gold Price Performance

Royal Gold stock opened at $155.60 on Friday. Royal Gold has a fifty-two week low of $118.00 and a fifty-two week high of $169.00. The firm’s 50 day simple moving average is $151.05 and its 200-day simple moving average is $145.53. The company has a market cap of $10.23 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, analysts expect that Royal Gold will post 6.2 EPS for the current fiscal year.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now owns 9,360 shares of the company’s stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Royal Gold

A number of institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Royal Gold by 35.3% during the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after buying an additional 46,615 shares during the period. Captrust Financial Advisors raised its stake in Royal Gold by 175.8% during the third quarter. Captrust Financial Advisors now owns 4,026 shares of the basic materials company’s stock worth $565,000 after acquiring an additional 2,566 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Royal Gold by 213.1% during the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock valued at $1,130,000 after acquiring an additional 5,480 shares during the period. Centiva Capital LP boosted its stake in shares of Royal Gold by 39.9% in the 3rd quarter. Centiva Capital LP now owns 7,086 shares of the basic materials company’s stock valued at $994,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Royal Gold by 5.1% in the 3rd quarter. Quantinno Capital Management LP now owns 16,936 shares of the basic materials company’s stock worth $2,376,000 after purchasing an additional 816 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Company Profile

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.