Royal Gold Inc USA) (RGLD) is Reiterated by FBR Capital to Mkt Perform, Raises Price Target to $ 78

Royal Gold Inc USA) (RGLD) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 78 from a previous price target of $71 . FBR Capital advised their investors in a research report released on Jul 20, 2016.

Many Wall Street Analysts have commented on Royal Gold Inc USA). Royal Gold Inc USA) was Upgraded by Raymond James to ” Outperform” on Jul 6, 2016. Royal Gold Inc USA) was Upgraded by Dundee to ” Buy” on Jul 6, 2016. Royal Gold Inc USA) was Initiated by Macquarie to “Outperform” on Jul 6, 2016.

On the company’s financial health, Royal Gold Inc USA) reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.27. The company had revenue of $93.50 million for the quarter, 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.

Royal Gold Inc USA) opened for trading at $80.56 and hit $81.5 on the upside on Monday, eventually ending the session at $81.48, with a gain of 1.17% or 0.94 points. The heightened volatility saw the trading volume jump to 6,13,082 shares. Company has a market cap of $5,318 M.

In a different news, on Jun 22, 2016, Bruce Christopher Kirchhoff (VP, GC and Corp Secretary) sold 3,333 shares at $66.19 per share price. According to the SEC, on May 16, 2016, William Holmes Heissenbuttel (VP Corp Dev & Ops) sold 1,250 shares at $57.64 per share price. On Feb 26, 2016, Stefan Wenger (CFO and Treasurer) sold 733 shares at $45.23 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Royal Gold Inc USA)

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