In the preceding three months, 7 analysts have released ratings for Royal Gold (NASDAQ:RGLD), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 3 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 1 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $155.29, a high estimate of $175.00, and a low estimate of $131.00. Witnessing a positive shift, the current average has risen by 2.36% from the previous average price target of $151.71.
Decoding Analyst Ratings: A Detailed Look
The standing of Royal Gold among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Matthew Murphy | Jefferies | Raises | Hold | $141.00 | $130.00 |
| Anita Soni | CIBC | Raises | Neutral | $175.00 | $166.00 |
| Jackie Przybylowski | BMO Capital | Raises | Outperform | $170.00 | $168.00 |
| Michael Jalonen | B of A Securities | Raises | Underperform | $131.00 | $129.00 |
| Tanya Jakusconek | Scotiabank | Raises | Sector Perform | $148.00 | $144.00 |
| Jackie Przybylowski | BMO Capital | Lowers | Outperform | $160.00 | $162.00 |
| Jackie Przybylowski | BMO Capital | Lowers | Outperform | $162.00 | $163.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Royal Gold. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Royal Gold compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Royal Gold's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Royal Gold's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Royal Gold analyst ratings.
Discovering Royal Gold: A Closer Look
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
Royal Gold: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Royal Gold's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -12.61%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 31.68%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Royal Gold's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.63% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Royal Gold's ROA stands out, surpassing industry averages. With an impressive ROA of 1.41%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Royal Gold's debt-to-equity ratio is below the industry average at 0.05, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.