Brown Advisory Inc. Takes $450,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

Brown Advisory Inc. acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,755 shares of the basic materials company’s stock, valued at approximately $450,000.

A number of other institutional investors have also recently added to or reduced their stakes in RGLD. Alpine Bank Wealth Management bought a new position in Royal Gold during the 1st quarter worth $32,000. Jones Financial Companies Lllp grew 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 worth $49,000 after buying an additional 293 shares during the last quarter. HM Payson & Co. grew its stake in Royal Gold by 4,545.5% during the 1st quarter. HM Payson & Co. now owns 511 shares of the basic materials company’s stock worth $84,000 after buying an additional 500 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Royal Gold during the 4th quarter worth $95,000. Finally, Nemes Rush Group LLC acquired a new position in Royal Gold during the 4th quarter worth $129,000. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. CIBC boosted their price target on Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Scotiabank upgraded Royal Gold from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a “market perform” rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial boosted their price target on Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.13.

Royal Gold Stock Down 1.3%

Shares of Royal Gold stock opened at $157.81 on Wednesday. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.14 and a beta of 0.44. The business has a fifty day simple moving average of $175.75 and a 200-day simple moving average of $161.80. Royal Gold, Inc. has a fifty-two week low of $125.69 and a fifty-two week high of $191.78.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The business had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s revenue was up 29.9% on a year-over-year basis. Analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, July 3rd. Royal Gold’s dividend payout ratio is 29.80%.

Royal Gold Company Profile

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.