Royal Gold, Inc. $RGLD Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,544 shares of the basic materials company’s stock after acquiring an additional 78 shares during the period. Intech Investment Management LLC’s holdings in Royal Gold were worth $2,705,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RGLD. AQR Capital Management LLC lifted its position in shares of Royal Gold by 68.8% during the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock worth $274,887,000 after purchasing an additional 685,857 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Royal Gold by 17,722.4% during the first quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company’s stock worth $74,806,000 after purchasing an additional 454,934 shares during the last quarter. Nuveen LLC bought a new position in shares of Royal Gold during the first quarter worth about $40,882,000. Victory Capital Management Inc. lifted its position in shares of Royal Gold by 117.0% during the first quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company’s stock worth $67,886,000 after purchasing an additional 223,870 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in shares of Royal Gold by 106,046.2% during the first quarter. Copeland Capital Management LLC now owns 137,990 shares of the basic materials company’s stock worth $22,563,000 after purchasing an additional 137,860 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Trading Up 0.1%

RGLD opened at $189.32 on Monday. The business’s 50 day moving average is $167.93 and its 200-day moving average is $170.33. The stock has a market cap of $12.46 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $191.78.

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

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, October 3rd. Royal Gold’s payout ratio is presently 26.39%.

Analyst Ratings Changes

Several equities analysts have recently commented on RGLD shares. 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 report on Thursday, May 22nd. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. TD Securities reissued a “buy” rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Canaccord Genuity Group raised their target price on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.