Farther Finance Advisors LLC Increases Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Farther Finance Advisors LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 29.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 812 shares of the basic materials company’s stock after buying an additional 185 shares during the quarter. Farther Finance Advisors LLC’s holdings in Royal Gold were worth $133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new position in Royal Gold during the 4th quarter valued at approximately $42,000. Jones Financial Companies Lllp boosted its stake in Royal Gold by 390.7% during the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 293 shares during the last quarter. IFP Advisors Inc boosted its stake in Royal Gold by 66.7% during the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 158 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Royal Gold by 42.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 651 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 194 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in Royal Gold during the 4th quarter valued at $95,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group raised their price target on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. CIBC raised their price target on Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Wall Street Zen raised Royal Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the stock a “market perform” rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada dropped their price target on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.33.

Royal Gold Trading Up 0.1%

Royal Gold stock opened at $179.35 on Friday. The stock has a market cap of $11.80 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 1.31 and a beta of 0.44. The company has a fifty day simple moving average of $179.39 and a 200-day simple moving average of $158.16. Royal Gold, Inc. has a 12-month low of $122.51 and a 12-month high of $191.78.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The business had revenue of $193.44 million during the quarter, compared to analysts’ expectations of $176.17 million. During the same period in the prior year, the company earned $0.91 earnings per share. The business’s revenue was up 29.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, July 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 29.80%.

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.