B.Riley FBR analyst Adam Graf reiterated a Buy rating on Royal Gold (RGLD) yesterday and set a price target of $100. The company’s shares closed yesterday at $84.45.
Graf observed:
“Royal Gold (RGLD) announced FY2019 3Q (March 31) EPS of $0.44/sh. The company had preannounced 3Q production from its streaming arrangements of 60,000 AuEq oz. Results were largely in line with expectations. In a separate release, RGLD announced the planned retirement of long-time CEO the end of the start of a search for his replacement. No change to our Buy rating or $100 PT.”
According to TipRanks.com, Graf has 0 stars on 0-5 star ranking scale with an average return of -17.5% and a 11.1% success rate. Graf covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, First Majestic Silver, and Hecla Mining Company.
Currently, the analyst consensus on Royal Gold is a Moderate Buy with an average price target of $96.
See today’s analyst top recommended stocks >>
Based on Royal Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $23.59 million. In comparison, last year the company had a GAAP net loss of $154 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Royal Gold, Inc. engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments.
