A Reversal for Royal Gold, Inc (USA) Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Royal Gold, Inc (USA) Is Not Near. Professional Options Traders Are Bullish

In today’s session Royal Gold, Inc (USA) (RGLD) registered an unusually high (705) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious RGLD increase. With 705 contracts traded and 7904 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: RGLD161021C00080000 closed last at: $1.15 or 37.8% down. About 236,013 shares traded hands. Royal Gold, Inc (USA) (NASDAQ:RGLD) has risen 46.45% since March 2, 2016 and is uptrending. It has outperformed by 38.19% the S&P500.

Analysts await Royal Gold, Inc (USA) (NASDAQ:RGLD) to report earnings on November, 2. They expect $0.43 EPS, up 152.94% or $0.26 from last year’s $0.17 per share. RGLD’s profit will be $25.52 million for 39.58 P/E if the $0.43 EPS becomes a reality. After $0.32 actual EPS reported by Royal Gold, Inc (USA) for the previous quarter, Wall Street now forecasts 34.38% EPS growth.

Royal Gold, Inc (USA) (NASDAQ:RGLD) Ratings Coverage

Out of 11 analysts covering Royal Gold Inc. (NASDAQ:RGLD), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. $85 is the highest target while $25 is the lowest. The $67.68 average target is -0.59% below today’s ($68.08) stock price. Royal Gold Inc. has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, January 14. The stock of Royal Gold, Inc (USA) (NASDAQ:RGLD) has “Mkt Perform” rating given on Friday, August 12 by FBR Capital. The stock of Royal Gold, Inc (USA) (NASDAQ:RGLD) has “Mkt Perform” rating given on Wednesday, July 6 by FBR Capital. FBR Capital downgraded the stock to “Mkt Perform” rating in Thursday, January 28 report. On Wednesday, July 6 the stock rating was upgraded by National Bank Canada to “Outperform”. The company was downgraded on Tuesday, September 8 by Goldman Sachs. The rating was downgraded by National Bank Canada to “Sector Perform” on Tuesday, January 19. As per Monday, September 14, the company rating was initiated by BMO Capital Markets. The firm has “Mkt Perform” rating given on Wednesday, July 20 by FBR Capital. The stock of Royal Gold, Inc (USA) (NASDAQ:RGLD) earned “Buy” rating by Dundee Securities on Wednesday, July 6.

According to Zacks Investment Research, “Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies.”

Insitutional Activity: The institutional sentiment increased to 1.54 in Q2 2016. Its up 0.31, from 1.23 in 2016Q1. The ratio increased, as 27 funds sold all Royal Gold, Inc (USA) shares owned while 60 reduced positions. 36 funds bought stakes while 98 increased positions. They now own 44.32 million shares or 1.49% less from 44.99 million shares in 2016Q1.
Blackrock Japan Limited owns 4,206 shares or 0% of their US portfolio. Moreover, Int Group Inc has 0% invested in Royal Gold, Inc (USA) (NASDAQ:RGLD) for 126,457 shares. Alps Advsrs Inc holds 0.11% or 167,894 shares in its portfolio. Highbridge Cap Mgmt Limited Liability Company accumulated 24,287 shares or 0.03% of the stock. Panagora Asset last reported 880 shares in the company. Liberty Mutual Asset Mgmt, a Massachusetts-based fund reported 28,329 shares. Morgan Stanley has 0% invested in the company for 170,625 shares. Glenmede Co Na reported 500 shares or 0% of all its holdings. Rs Inv Mgmt Co Ltd Com, a California-based fund reported 320 shares. Bnp Paribas Arbitrage holds 0.01% or 26,692 shares in its portfolio. The Minnesota-based Ameriprise Fincl has invested 0.01% in Royal Gold, Inc (USA) (NASDAQ:RGLD). Parametric Portfolio Assocs Ltd Com accumulated 78,718 shares or 0.01% of the stock. The New York-based Gabelli Funds Limited Liability Company has invested 0.3% in Royal Gold, Inc (USA) (NASDAQ:RGLD). New York State Teachers Retirement System has invested 0.02% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD). Investec Asset Management accumulated 335,401 shares or 0.12% of the stock.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 1 sale for $72,050 net activity. $72,050 worth of Royal Gold, Inc (USA) (NASDAQ:RGLD) was sold by Heissenbuttel William Holmes on Thursday, May 12.

Royal Gold, Inc., together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The company has a market cap of $4.04 billion. The Firm operates through two divisions: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. It currently has negative earnings. The Company’s assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

RGLD Company Profile

Royal Gold, Inc., incorporated on January 5, 1981, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Firm operates through two divisions: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Company’s assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other. The Company’s principal producing properties include Carmen de Andacollo (Andacollo) (Region IV, Chile); Mount Milligan (British Columbia, Canada); Pueblo Viejo (Sanchez Ramirez, Dominican Republic); Wassa, and Prestea (Western Region, Ghana). The Company’s royalty interests include Cortez (Nevada, the United States) and Penasquito (Zacatecas, Mexico). The Company’s principal development-stage properties include Pascua-Lama Project (Region III, Chile) and Rainy River (Ontario, Canada).

More news for Royal Gold, Inc (USA) (NASDAQ:RGLD) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 21, 2009. Schaeffersresearch.com‘s article titled: “Earnings Preview: Silver Wheaton Corp. and Royal Gold, Inc” and published on August 10, 2016 is yet another important article.

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