Shares of Royal Gold, Inc. (RGLD) hit a new 52-week high on Monday. The stock traded as high as $56.62 during mid-day trading and last traded at $55.27. The stock previously closed at $53.77.
Separately, analysts at Zacks Investment Research downgraded shares of Royal Gold, Inc. from an outperform rating to a neutral rating in a research note to investors on Wednesday, February 2nd.
Royal Gold, Inc. (Royal Gold) together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests derived from production. The Company focuses to acquire existing royalties or to finance projects that are in production or in development stage in exchange for royalty interests. As of June 30, 2010, the Company owns royalties on 33 producing properties, 23 development stage properties and over 130 exploration-stage properties, of which the Company considers 37 to be evaluation stage projects.32 producing properties. On January 25, 2010, Royal Gold acquired an interest in the gold produced from the sulfide portion of the Andacollo project in Chile (Andacollo Royalty). On February 22, 2010, the Company, through RG Exchangeco Inc., wholly owned Canadian subsidiary of Royal Gold acquired all of International Royalty Corporation (IRC).
Royal Gold, Inc. has a 52 week low of $42.15 and a 52 week high of $55.22. The stocks 50-day moving average is $51.21 and its 200-day moving average is $50.59. The company has a market cap of $3.062 billion and a price-to-earnings ratio of 78.15.
Royal Gold, Inc. last announced its quarterly results on Thursday, February 3rd. The company reported $0.33 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.29 EPS by $0.04. During the same quarter in the prior year, the company posted $0.23 earnings per share. The companys quarterly revenue was up 62.2% on a year-over-year basis. On average, analysts predict that Royal Gold, Inc. will post $0.40 EPS next quarter.
