Royal Gold, Inc. (NASDAQ:RGLD) to Issue $0.40 Quarterly Dividend (2024)

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL announced a quarterly dividend on Wednesday, May 22nd, Zacks reports. Investors of record on Friday, July 5th will be paid a dividend of 0.40 per share by the basic materials company on Friday, July 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, July 5th.

Royal Gold has increased its dividend by an average of 10.2% per year over the last three years and has increased its dividend annually for the last 24 consecutive years. Royal Gold has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Royal Gold to earn $5.51 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 29.0%.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD traded down $0.17 during trading on Friday, reaching $128.51. 223,675 shares of the company's stock traded hands, compared to its average volume of 420,094. Royal Gold has a 12 month low of $100.55 and a 12 month high of $134.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.50 and a quick ratio of 2.35. The stock has a market capitalization of $8.45 billion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 1.09 and a beta of 0.88. The company has a 50 day moving average of $122.37 and a 200-day moving average of $117.52.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm had revenue of $148.90 million during the quarter, compared to the consensus estimate of $147.02 million. During the same quarter last year, the company posted $0.96 EPS. Royal Gold's revenue for the quarter was down 12.6% on a year-over-year basis. On average, equities analysts expect that Royal Gold will post 4.51 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Daniel Breeze sold 1,500 shares of the business's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total value of $196,095.00. Following the sale, the senior vice president now directly owns 14,840 shares in the company, valued at approximately $1,940,033.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Daniel Breeze sold 1,500 shares of the company's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now directly owns 14,840 shares in the company, valued at $1,940,033.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Randy Shefman sold 500 shares of the company'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 sale, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The disclosure for this sale can be found here. Insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of research reports. Scotiabank raised their target price on shares of Royal Gold from $144.00 to $148.00 and gave the stock a "sector perform" rating in a report on Thursday. BMO Capital Markets raised their price objective on shares of Royal Gold from $160.00 to $161.00 and gave the stock an "outperform" rating in a research note on Tuesday. Jefferies Financial Group began coverage on shares of Royal Gold in a research report on Thursday, February 29th. They issued a "hold" rating and a $117.00 target price for the company. National Bank Financial upgraded shares of Royal Gold from a "sector perform" rating to an "outperform" rating in a report on Thursday, February 15th. Finally, Cantor Fitzgerald lowered shares of Royal Gold from an "overweight" rating to a "neutral" rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of "Hold" and a consensus price target of $142.13.

Check Out Our Latest Stock Analysis on Royal Gold

Royal Gold Company Profile

(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.

See Also

• Five stocks we like better than Royal Gold
• What Makes a Stock a Good Dividend Stock?
• NASDAQ 100 vs. NASDAQ Composite: A Detailed Breakdown of NASDAQ
• Low PE Growth Stocks: Unlocking Investment Opportunities
• These 2 Retail Traders Favorites are Nearing Major Breakouts
• Canada Bond Market Holiday: How to Invest and Trade
• Snowflake is Melting… Up, With a Double-Digit Upside Potential

Should you invest $1,000 in Royal Gold right now?

Before you consider Royal Gold, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Gold wasn't on the list.

While Royal Gold currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here