Brokerage firm Raymond James Upgrades its rating on Royal Gold Inc USA)(NASDAQ:RGLD). In a research note issued to the investors, the brokerage major Raises the price-target to $85.00 per share. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Raymond James was issued on Jul 6, 2016.
In a different note, On Jul 6, 2016, National Bank Financial said it Upgrades its rating on Royal Gold Inc USA). In the research note, the firm Raises the price-target to $72.00 per share. The shares have been rated ‘Outperform’ by the firm.
Royal Gold Inc USA) (RGLD) made into the market gainers list on Mondays trading session with the shares advancing 1.44% or 1.18 points. Due to strong positive momentum, the stock ended at $83.22, which is also near the day’s high of $83.27. The stock began the session at $81.53 and the volume stood at 10,13,140 shares. The 52-week high of the shares is $83.27 and the 52 week low is $24.68. The company has a current market capitalization of $5,432 M and it has 6,52,67,061 shares in outstanding.
Royal Gold Inc USA)(RGLD) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $93.49M. Analysts had an estimated revenue of $96.17M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.26.
Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Bruce Christopher Kirchhoff (VP, GC and Corp Secretary) sold 3,333 shares at $66.19 per share price.Also, On May 16, 2016, William Holmes Heissenbuttel (VP Corp Dev & Ops) sold 1,250 shares at $57.64 per share price.On Feb 26, 2016, Stefan Wenger (CFO and Treasurer) sold 733 shares at $45.23 per share price, according to the Form-4 filing with the securities and exchange commission.
Royal Gold Inc. (Royal Gold) together with its subsidiaries is engaged in the business of acquiring and managing precious metals royalties metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests. As of June 30 2015 the Company owned stream interests on one producing property and two development-stage properties and owned royalty interests on 36 producing properties 22 development-stage properties and 135 exploration-stage properties. The Company’s principal producing properties include Andacollo Cortez Holt Mount Milligan Mulatos Penasquito Robinson Mine Voisey’s Bay and Wassa Bogoso and Prestea. The Company’s principal development-stage properties include Pascua-Lama project and Phoenix Gold.