Voya Investment Management LLC Purchases 25,878 Shares of Royal Gold, Inc. $RGLD

Voya Investment Management LLC raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 60.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,544 shares of the basic materials company’s stock after purchasing an additional 25,878 shares during the period. Voya Investment Management LLC owned 0.10% of Royal Gold worth $11,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RGLD. WPG Advisers LLC acquired a new position in shares of Royal Gold in the first quarter valued at $27,000. Alpine Bank Wealth Management acquired a new position in shares of Royal Gold in the first quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new position in shares of Royal Gold in the first quarter valued at $34,000. Bayforest Capital Ltd increased its holdings in shares of Royal Gold by 256.5% in the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Royal Gold in the first quarter valued at $40,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RGLD has been the topic of several research reports. TD Securities reiterated a “buy” rating and issued a $237.00 price objective (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Canaccord Genuity Group upped their price objective on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the company a “market perform” rating in a research note on Thursday, May 22nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $198.63.

Royal Gold Stock Down 2.5%

RGLD opened at $190.59 on Wednesday. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $196.00. The company has a 50-day simple moving average of $169.08 and a 200 day simple moving average of $170.81. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 1.54 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $186.63 million. During the same quarter in the prior year, the business posted $1.25 earnings per share. Royal Gold’s revenue was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 0.9%. Royal Gold’s dividend payout ratio is currently 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.