LPL Financial LLC Has $4.28 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

LPL Financial LLC raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,176 shares of the basic materials company’s stock after purchasing an additional 3,369 shares during the quarter. LPL Financial LLC’s holdings in Royal Gold were worth $4,280,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in Royal Gold by 0.4% during the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company’s stock valued at $1,156,842,000 after purchasing an additional 37,648 shares during the period. Northern Trust Corp grew its holdings in shares of Royal Gold by 19.6% during the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock valued at $135,730,000 after acquiring an additional 168,569 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Royal Gold by 18.1% during the 4th quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company’s stock valued at $131,412,000 after acquiring an additional 152,599 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Royal Gold by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company’s stock worth $115,735,000 after acquiring an additional 49,206 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Royal Gold by 17,722.4% in the first quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company’s stock worth $74,806,000 after acquiring an additional 454,934 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

Royal Gold stock opened at $169.61 on Friday. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.22 and a beta of 0.40. Royal Gold, Inc. has a one year low of $130.56 and a one year high of $191.78. The company’s fifty day moving average price is $167.64 and its two-hundred day moving average price is $165.20.

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

Royal Gold Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RGLD. Canaccord Genuity Group upped their price target on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the stock a “market perform” rating in a research note on Thursday, May 22nd. TD Securities reaffirmed a “buy” rating and issued a $237.00 price target (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Royal Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, CIBC upped 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $198.63.

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.