US Bancorp DE Grows Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

US Bancorp DE grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,651 shares of the basic materials company’s stock after purchasing an additional 436 shares during the period. US Bancorp DE’s holdings in Royal Gold were worth $597,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RGLD. Alpine Bank Wealth Management purchased a new stake in shares of Royal Gold in the first quarter worth about $32,000. Banque Cantonale Vaudoise purchased a new stake in Royal Gold in the first quarter valued at approximately $34,000. Bayforest Capital Ltd raised its position in shares of Royal Gold by 256.5% during the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after buying an additional 177 shares in the last quarter. Larson Financial Group LLC lifted its stake in Royal Gold by 77.0% during the first quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company’s stock worth $72,000 after purchasing an additional 191 shares during the last quarter. Finally, HM Payson & Co. raised its holdings in shares of Royal Gold by 4,545.5% during the 1st quarter. HM Payson & Co. now owns 511 shares of the basic materials company’s stock valued at $84,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on RGLD shares. CIBC boosted their price target on shares of Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a “market perform” rating in a research note on Thursday, May 22nd. Wall Street Zen cut Royal Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Scotiabank raised Royal Gold from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Finally, TD Securities increased their price objective on Royal Gold from $229.00 to $237.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $198.63.

Royal Gold Stock Performance

RGLD stock opened at $170.60 on Tuesday. Royal Gold, Inc. has a fifty-two week low of $129.55 and a fifty-two week high of $191.78. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.20 and a beta of 0.40. The business’s 50 day moving average price is $168.42 and its two-hundred day moving average price is $164.88.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.11. The company had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. Sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.1%. Royal Gold’s payout ratio is presently 26.39%.

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.