Charles Schwab Investment Management Inc. Has $79.25 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Charles Schwab Investment Management Inc. raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 484,681 shares of the basic materials company’s stock after purchasing an additional 474 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.74% of Royal Gold worth $79,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFG Investments LLC grew its position in shares of Royal Gold by 0.9% during the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company’s stock worth $971,000 after buying an additional 54 shares during the period. BCS Wealth Management grew its position in shares of Royal Gold by 0.3% during the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company’s stock worth $3,385,000 after buying an additional 63 shares during the period. NorthRock Partners LLC grew its position in shares of Royal Gold by 4.5% during the 1st quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock worth $259,000 after buying an additional 68 shares during the period. GoalVest Advisory LLC grew its position in shares of Royal Gold by 5.2% during the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company’s stock worth $246,000 after buying an additional 75 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Royal Gold by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,471 shares of the basic materials company’s stock worth $2,203,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

RGLD has been the subject of several recent analyst reports. CIBC raised their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Canaccord Genuity Group raised their price objective on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a “market perform” rating in a research report on Thursday, May 22nd. TD Securities reaffirmed a “buy” rating and set a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Royal Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.63.

Royal Gold Trading Down 0.0%

NASDAQ RGLD opened at $172.26 on Thursday. The company has a fifty day simple moving average of $167.92 and a 200 day simple moving average of $164.98. Royal Gold, Inc. has a 12-month low of $130.24 and a 12-month high of $191.78. The company has a market cap of $11.34 billion, a P/E ratio of 25.26, a PEG ratio of 1.22 and a beta of 0.40.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data 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. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%. The business had revenue of $209.64 million for the quarter, compared to analysts’ expectations of $186.63 million. During the same period last year, the business earned $1.25 EPS. The business’s revenue was up 20.4% on a year-over-year basis. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is 26.39%.

Royal Gold 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.