Royce & Associates LP Acquires 6,300 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Royce & Associates LP lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) by 54.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,900 shares of the basic materials company’s stock after purchasing an additional 6,300 shares during the period. Royce & Associates LP’s holdings in Royal Gold were worth $2,529,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management purchased a new stake in Royal Gold during the 4th quarter valued at $250,000. Louisiana State Employees Retirement System boosted its position in Royal Gold by 1.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the basic materials company’s stock valued at $2,481,000 after buying an additional 300 shares during the period. Confluence Investment Management LLC boosted its position in Royal Gold by 8.0% during the 1st quarter. Confluence Investment Management LLC now owns 3,106 shares of the basic materials company’s stock valued at $439,000 after buying an additional 229 shares during the period. Qube Research & Technologies Ltd boosted its position in Royal Gold by 49.8% during the 4th quarter. Qube Research & Technologies Ltd now owns 69,844 shares of the basic materials company’s stock valued at $7,348,000 after buying an additional 23,212 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Royal Gold during the 4th quarter valued at $2,104,000. Hedge funds and other institutional investors own 80.33% of the company’s stock.

Royal Gold Stock Up 1.0 %

Shares of RGLD stock opened at $102.69 on Friday. The company has a 50 day moving average price of $108.13 and a 200-day moving average price of $119.07. Royal Gold, Inc. has a 52 week low of $92.01 and a 52 week high of $147.70. The firm has a market capitalization of $6.74 billion, a PE ratio of 23.61, a P/E/G ratio of 2.85 and a beta of 0.61.

Royal Gold (NASDAQ:RGLDGet Rating) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.16. The firm had revenue of $162.40 million during the quarter, compared to analyst estimates of $156.00 million. Royal Gold had a net margin of 42.43% and a return on equity of 10.61%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. Analysts anticipate that Royal Gold, Inc. will post 3.67 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $1.40 annualized dividend and a yield of 1.36%. Royal Gold’s dividend payout ratio (DPR) is 32.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. BMO Capital Markets dropped their price target on shares of Royal Gold from $142.00 to $140.00 and set a “market perform” rating for the company in a research report on Thursday. Barclays dropped their target price on shares of Royal Gold from $130.00 to $114.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Canaccord Genuity Group raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 13th. Canaccord Genuity Group raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 13th. Finally, National Bank Financial dropped their target price on shares of Royal Gold from $165.00 to $150.00 in a research report on Thursday, July 21st. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $141.50.

Insider Activity at Royal Gold

In related news, VP Randy Shefman sold 638 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $117.57, for a total transaction of $75,009.66. Following the completion of the sale, the vice president now directly owns 9,456 shares in the company, valued at $1,111,741.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is currently owned by company insiders.

Royal Gold Company Profile

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Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt.

See Also

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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