Royal Gold, Inc. (NASDAQ:RGLD) Plans $0.45 Quarterly Dividend

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Friday, April 4th will be paid a dividend of 0.45 per share by the basic materials company on Thursday, April 17th. This represents a $1.80 annualized dividend and a yield of 1.24%.

Royal Gold has raised its dividend payment by an average of 9.7% per year over the last three years and has increased its dividend every year for the last 24 years. Royal Gold has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $6.89 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.1%.

Royal Gold Trading Down 3.6 %

Shares of RGLD opened at $145.04 on Friday. The firm’s fifty day simple moving average is $140.07 and its 200-day simple moving average is $142.20. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 3.42 and a beta of 0.90. Royal Gold has a twelve month low of $101.76 and a twelve month high of $155.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping 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 predict that Royal Gold will post 6.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Raymond James raised their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. TD Securities increased their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and boosted their target price for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and an average target price of $168.86.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by insiders.

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.