After Today’s Bullish Options Activity, Is Royal Gold, Inc (USA)’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Royal Gold, Inc (USA)'s Near Term Analysis Positive?

In today’s session Royal Gold, Inc (USA) (RGLD) registered an unusually high (1,220) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious RGLD increase. With 1,220 contracts traded and 1014 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: RGLD161216C00067500 closed last at: $4 or 20% down. About 167,092 shares traded hands. Royal Gold, Inc (USA) (NASDAQ:RGLD) has risen 26.97% since March 29, 2016 and is uptrending. It has outperformed by 23.49% 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 $27.86M for 39.48 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 -0.34% below today’s ($67.91) stock price. Royal Gold Inc. has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, December 11 by Gabelli. National Bank Canada downgraded Royal Gold, Inc (USA) (NASDAQ:RGLD) on Tuesday, January 19 to “Sector Perform” rating. The stock has “Mkt Perform” rating given by FBR Capital on Wednesday, July 6. The rating was maintained by FBR Capital with “Mkt Perform” on Tuesday, May 3. FBR Capital maintained Royal Gold, Inc (USA) (NASDAQ:RGLD) rating on Friday, August 12. FBR Capital has “Mkt Perform” rating and $80 price target. The firm has “Outperform” rating given on Wednesday, July 6 by Raymond James. The firm earned “Outperform” rating on Monday, September 14 by BMO Capital Markets. Raymond James downgraded Royal Gold, Inc (USA) (NASDAQ:RGLD) on Monday, March 14 to “Market Perform” rating. BMO Capital Markets downgraded Royal Gold, Inc (USA) (NASDAQ:RGLD) on Thursday, January 14 to “Market Perform” rating. The firm has “Outperform” rating given on Wednesday, July 6 by National Bank Canada.

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.
D E Shaw Company Incorporated last reported 0.01% of its portfolio in the stock. The New York-based Alliancebernstein Lp has invested 0% in Royal Gold, Inc (USA) (NASDAQ:RGLD). Legal And General Grp Public Limited Co reported 11,996 shares or 0% of all its holdings. Cambridge Investment reported 12,897 shares or 0.02% of all its holdings. The Texas-based Dimensional Fund Advsrs L P has invested 0.04% in Royal Gold, Inc (USA) (NASDAQ:RGLD). Fmr Ltd reported 694,113 shares or 0.01% of all its holdings. Millennium Mngmt Ltd Liability Company has 0.07% invested in the company for 430,853 shares. Argentus Mgmt Ltd Liability owns 10,316 shares or 0.32% of their US portfolio. State Of Wisconsin Investment Board reported 42,423 shares or 0.01% of all its holdings. Thrivent Financial For Lutherans holds 61,490 shares or 0.02% of its portfolio. Investec Asset Mngmt last reported 0.12% of its portfolio in the stock. Invesco Ltd owns 131,340 shares or 0% of their US portfolio. New York State Common Retirement Fund has invested 0.02% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD). Vanguard has invested 0.02% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD). Nuveen Asset Management Limited Liability Com holds 0.01% or 26,426 shares in its portfolio.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 1 sale for $72,050 net activity. 1,250 shares were sold by Heissenbuttel William Holmes, worth $72,050 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 $4.40 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: Schaeffersresearch.com, which released: “Earnings Preview: Silver Wheaton Corp. and Royal Gold, Inc” on August 10, 2016. Seekingalpha.com‘s article titled: “Now Is The Time To Buy Royal Gold” and published on October 20, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment