The stock of Royal Gold, Inc (USA) (NASDAQ:RGLD) is a huge mover today! The stock increased 7.69% or $5.31 during the last trading session, hitting $74.4. About 1.19 million shares traded hands or 75.32% up from the average. Royal Gold, Inc (USA) (NASDAQ:RGLD) has risen 33.97% since April 1, 2016 and is uptrending. It has outperformed by 32.76% the S&P500.
The move comes after 5 months positive chart setup for the $4.92B company. It was reported on Nov, 3 by Barchart.com. We have $106.39 PT which if reached, will make NASDAQ:RGLD worth $2.12 billion more.
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. Royal Gold Inc. has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Thursday, January 14 by BMO Capital Markets. The company was downgraded on Thursday, January 28 by FBR Capital. FBR Capital maintained the stock with “Mkt Perform” rating in Wednesday, July 20 report. IBC downgraded the stock to “Sector Perform” rating in Friday, January 8 report. The stock has “Buy” rating given by Dundee Securities on Wednesday, July 6. National Bank Canada upgraded it to “Outperform” rating and $85 target price in Wednesday, July 6 report. The firm has “Sector Perform” rating given on Tuesday, January 19 by National Bank Canada. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, September 8. 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 stock has “Buy” rating given by Gabelli on Friday, December 11.
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.
Manufacturers Life Ins The holds 88,138 shares or 0.01% of its portfolio. Massmutual Trust Fsb Adv has 0% invested in the company for 80 shares. Winch Advisory Ser Ltd Liability accumulated 0.01% or 91 shares. Blackrock Ltd Com has invested 0.02% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD). Teachers Inc last reported 0.02% of its portfolio in the stock. Deutsche Fincl Bank Ag owns 591,111 shares or 0.03% of their US portfolio. Raymond James Financial Advsr reported 10,396 shares or 0.01% of all its holdings. Raymond James And accumulated 0% or 12,766 shares. Texas Permanent School Fund accumulated 49,927 shares or 0.05% of the stock. Jefferies Limited Liability Corp has 0.01% invested in the company for 22,645 shares. Geode Capital Limited Liability Co accumulated 0.02% or 446,463 shares. Peak Asset Management Lc holds 0.64% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD) for 20,000 shares. Moreover, Van Eck Assoc has 1.36% invested in Royal Gold, Inc (USA) (NASDAQ:RGLD) for 3.68 million shares. Tower Capital Ltd Liability (Trc) accumulated 2,983 shares or 0.02% of the stock. Bnp Paribas Arbitrage Sa holds 26,692 shares or 0.01% of its portfolio.
Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 1 insider sale for $72,050 net activity. On Thursday, May 12 Heissenbuttel William Holmes sold $72,050 worth of the stock or 1,250 shares.
More important recent Royal Gold, Inc (USA) (NASDAQ:RGLD) news were published by: Nasdaq.com which released: “Royal Gold Inc. Q3 Profit Rises 172%” on November 02, 2016, also Schaeffersresearch.com published article titled: “Earnings Preview: Silver Wheaton Corp. and Royal Gold, Inc”, Seekingalpha.com published: “Royal Gold’s (RGLD) CEO Tony Jensen on Q1 2017 Results – Earnings Call Transcript” on November 03, 2016. More interesting news about Royal Gold, Inc (USA) (NASDAQ:RGLD) was released by: Seekingalpha.com and their article: “Now Is The Time To Buy Royal Gold” with publication date: October 20, 2016.
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).
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