For its first fiscal quarter (ending March 31), Royal Gold Inc (NASDAQ: RGLD) has reported a -26% decline in E.P.S. from $0.97 a year ago to $0.72 in the current quarter. This performance was $-0.74 short of the consensus estimate of $1.46. E.P.S. were $3.39 for the latest four quarters through March 31 versus $3.61 for the same period a year ago — a decline of -6%.
Recent Price Action
On 5/8/24, Royal Gold Inc (NASDAQ: RGLD) stock declined slightly by -0.5%, closing at $123.41. However, this decline was accompanied by below average trading volume at 79% of normal. The stock has performed in line with the market over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
RGLD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Royal Gold has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Royal Gold has a slightly negative Appreciation Score of 36 but a slightly positive Power Rating of 61, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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