FBR & Co. downgraded shares of Royal Gold, Inc USA) (NASDAQ:RGLD) from an outperform rating to a market perform rating in a report issued on Thursday morning, The Fly reports. The firm currently has $25.00 target price on the stock, down from their prior target price of $50.00.

Several other research firms have also recently weighed in on RGLD. National Bank Financial cut shares of Royal Gold, Inc USA) from an outperform rating to a sector perform rating and decreased their target price for the company from $65.00 to $45.00 in a research note on Tuesday, January 19th. BMO Capital Markets lifted their price objective on shares of Royal Gold, Inc USA) from $60.00 to $65.00 in a research report on Wednesday, October 7th. RBC Capital reaffirmed an outperform rating on shares of Royal Gold, Inc USA) in a research report on Friday, October 2nd. Barclays reduced their price objective on shares of Royal Gold, Inc USA) from $84.00 to $70.00 and set an overweight rating for the company in a research report on Wednesday, November 4th. Finally, Vetr cut shares of Royal Gold, Inc USA) from a strong-buy rating to a buy rating and set a $56.96 price objective for the company. in a research report on Wednesday, October 14th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $64.49.

Shares of Royal Gold, Inc USA) (NASDAQ:RGLD) opened at 28.76 on Thursday. The company’s market capitalization is $1.88 billion. Royal Gold, Inc USA) has a 12 month low of $24.68 and a 12 month high of $73.48. The firm has a 50-day moving average price of $33.54 and a 200-day moving average price of $43.83.

Royal Gold, Inc USA) (NASDAQ:RGLD) last released its earnings results on Thursday, November 5th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.48. During the same period in the previous year, the company earned $0.29 earnings per share. The company had revenue of $74.10 million for the quarter, compared to analyst estimates of $92.48 million. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Royal Gold, Inc USA) will post $1.02 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 22nd. Stockholders of record on Friday, January 8th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Wednesday, January 6th. This is a boost from Royal Gold, Inc USA)’s previous quarterly dividend of $0.22.

Several hedge funds have recently added to or reduced their stakes in the company. Beacon Financial Group boosted its stake in Royal Gold, Inc USA) by 66.8% in the fourth quarter. Beacon Financial Group now owns 68,006 shares of the company’s stock valued at $2,443,000 after buying an additional 27,240 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Royal Gold, Inc USA) by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 83,893 shares of the company’s stock valued at $3,060,000 after buying an additional 1,222 shares during the last quarter. Russell Frank Co boosted its stake in shares of Royal Gold, Inc USA) by 2,346.5% in the fourth quarter. Russell Frank Co now owns 207,907 shares of the company’s stock valued at $7,470,000 after buying an additional 199,409 shares during the last quarter. Finally, Vontobel Asset Management boosted its stake in shares of Royal Gold, Inc USA) by 37.0% in the fourth quarter. Vontobel Asset Management now owns 355,023 shares of the company’s stock valued at $12,950,000 after buying an additional 95,836 shares during the last quarter.

Royal Gold, Inc. (NASDAQ:RGLD), 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.

12 Month Chart for NASDAQ:RGLD

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