Royal Gold Inc USA) (RGLD) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.27. The company posted revenue of $93.50 million in the period, compared to analysts expectations of $100.70 million. The company’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Royal Gold Inc USA). Royal Gold Inc USA) was Downgraded by Raymond James to ” Mkt Perform” on Mar 14, 2016. Company shares were Reiterated by FBR Capital on Feb 10, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 33 from a previous price target of $25 .
Royal Gold Inc USA) closed down -1.35 points or -2.34% at $56.24 with 9,73,846 shares getting traded on Friday. Post opening the session at $57.19, the shares hit an intraday low of $55.3 and an intraday high of $58.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 26, 2016, Stefan Wenger (CFO and Treasurer) sold 733 shares at $45.23 per share price. According to the SEC, on Sep 17, 2015, Tony A Jensen (CEO and President) sold 30,500 shares at $44.85 per share price.
Royal Gold Inc. (Royal Gold) together with its subsidiaries is engaged in the business of acquiring and managing precious metals royalties metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests. As of June 30 2015 the Company owned stream interests on one producing property and two development-stage properties and owned royalty interests on 36 producing properties 22 development-stage properties and 135 exploration-stage properties. The Company’s principal producing properties include Andacollo Cortez Holt Mount Milligan Mulatos Penasquito Robinson Mine Voisey’s Bay and Wassa Bogoso and Prestea. The Company’s principal development-stage properties include Pascua-Lama project and Phoenix Gold.