Royal Gold, Inc. $RGLD Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 267.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537 shares of the basic materials company’s stock after acquiring an additional 391 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Royal Gold were worth $88,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Royal Gold during the first quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new position in shares of Royal Gold in the 1st quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new position in shares of Royal Gold in the 1st quarter valued at $34,000. Bayforest Capital Ltd increased its holdings in shares of Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 177 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Royal Gold in the first quarter valued at $40,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

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

Royal Gold Stock Down 1.3%

Shares of Royal Gold stock opened at $188.10 on Thursday. The company’s 50-day simple moving average is $169.64 and its 200-day simple moving average is $170.93. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $196.00. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.51 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping 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 company had revenue of $209.64 million for the quarter, compared to analysts’ expectations of $186.63 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Equities research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The firm 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 $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 1.0%. Royal Gold’s dividend payout ratio is presently 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.