Greenleaf Trust Takes $209,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

Greenleaf Trust bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,614 shares of the basic materials company’s stock, valued at approximately $209,000.

Several other hedge funds also recently modified their holdings of the business. Guggenheim Capital LLC boosted its stake in shares of Royal Gold by 23.3% in the 1st quarter. Guggenheim Capital LLC now owns 35,468 shares of the basic materials company’s stock valued at $4,601,000 after purchasing an additional 6,703 shares during the last quarter. Private Advisor Group LLC bought a new position in Royal Gold during the 1st quarter worth approximately $258,000. Vanguard Personalized Indexing Management LLC boosted its stake in Royal Gold by 14.9% during the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 7,769 shares of the basic materials company’s stock worth $1,008,000 after acquiring an additional 1,005 shares during the last quarter. Credit Suisse AG boosted its stake in Royal Gold by 1.6% during the 1st quarter. Credit Suisse AG now owns 120,417 shares of the basic materials company’s stock worth $15,619,000 after acquiring an additional 1,856 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Royal Gold by 30.0% during the 1st quarter. LPL Financial LLC now owns 34,060 shares of the basic materials company’s stock worth $4,418,000 after acquiring an additional 7,865 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on RGLD shares. StockNews.com started coverage on shares of Royal Gold in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Cantor Fitzgerald raised shares of Royal Gold from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Thursday, August 3rd. TheStreet lowered shares of Royal Gold from a “b+” rating to a “c” rating in a research note on Wednesday, May 3rd. National Bankshares dropped their target price on shares of Royal Gold from $165.00 to $160.00 and set a “sector perform” rating on the stock in a report on Friday, May 5th. Finally, Raymond James raised their target price on shares of Royal Gold from $156.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.00.

Royal Gold Price Performance

NASDAQ RGLD opened at $111.64 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.62 and a debt-to-equity ratio of 0.14. Royal Gold, Inc. has a 12-month low of $84.54 and a 12-month high of $147.82. The company has a market capitalization of $7.33 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.16 and a beta of 0.64. The firm’s 50 day moving average is $115.08 and its 200-day moving average is $122.97.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. Royal Gold had a net margin of 37.69% and a return on equity of 8.19%. The company had revenue of $144.04 million for the quarter. Equities research analysts anticipate that Royal Gold, Inc. will post 3.49 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.50 dividend on an annualized basis and a yield of 1.34%. Royal Gold’s payout ratio is 42.86%.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.