Royal Gold Continues Dividend Growth Amid Strong Gold Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
0mins
Should l Buy RGLD?
Source: SeekingAlpha
Royal Gold Inc's stock rose by 4.32% and reached a 52-week high, reflecting strong investor interest in the company.
The company has consistently raised its dividend every year since its inception in 2000, with a remarkable 58.3% increase since 2021, showcasing its resilience during fluctuations in gold prices. This strong dividend growth is attracting long-term investors, especially as gold prices have recently surged past $4,700 per ounce, driven by a weaker dollar and trade tensions.
The continued dividend growth and the favorable market conditions for gold are likely to enhance Royal Gold's appeal among income-seeking investors, positioning the company for further appreciation in its stock price.
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Analyst Views on RGLD
Wall Street analysts forecast RGLD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RGLD is 253.11 USD with a low forecast of 205.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
1 Hold
1 Sell
Moderate Buy
Current: 253.630
Low
205.00
Averages
253.11
High
280.00
Current: 253.630
Low
205.00
Averages
253.11
High
280.00
About RGLD
Royal Gold, Inc. is a high-margin, large-capitalization company that generates cash flows from a large and well-diversified portfolio of precious metal streams, royalties and similar production-based interests located in mining-friendly jurisdictions. It owns a large portfolio of producing, development, evaluation and exploration stage streams and royalties on properties located in gold regions and operated by companies in the mining industry. Its Acquisition and Management of Stream Interests segment includes a metal stream, which is a purchase agreement that provides the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. Its Acquisition and Management of Royalty Interests segment includes non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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