Royal Gold Inc USA) (RGLD) Releases Earnings Results, Reports EPS of $0.32 EPS

Royal Gold Inc USA) (RGLD) reported quarterly earnings results on Wednesday, Aug-10-2016. The company reported $0.32 EPS for the quarter. Analysts had a consensus estimate of $0.32. The company posted revenue of $94.10 million in the period, compared to analysts expectations of $107.86 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Royal Gold Inc USA). Company shares were Reiterated by Barclays on Aug 8, 2016 to “Overweight”, Firm has raised the Price Target to $ 99 from a previous price target of $62 .Company shares were Reiterated by FBR Capital on Jul 20, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $71 .Royal Gold Inc USA) was Upgraded by Raymond James to ” Outperform” on Jul 6, 2016.

Royal Gold Inc USA) opened for trading at $83.69 and hit $85.43 on the upside on Monday, eventually ending the session at $84.36, with a gain of 1.10% or 0.92 points. The heightened volatility saw the trading volume jump to 5,29,965 shares. Company has a market cap of $5,506 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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