Farther Finance Advisors LLC Grows Stock Holdings in Royal Gold, Inc. $RGLD

Farther Finance Advisors LLC boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 963 shares of the basic materials company’s stock after purchasing an additional 151 shares during the quarter. Farther Finance Advisors LLC’s holdings in Royal Gold were worth $171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Royal Gold in the first quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Royal Gold in the first quarter valued at $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of Royal Gold in the first quarter valued at $34,000. Bayforest Capital Ltd raised its stake 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 acquiring an additional 177 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Royal Gold in the first quarter valued at $40,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

RGLD stock opened at $199.03 on Friday. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 1.58 and a beta of 0.41. The firm has a 50-day simple moving average of $177.78 and a two-hundred day simple moving average of $174.16. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $203.18.

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

Royal Gold Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is currently 26.39%.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of research analyst reports. TD Securities restated a “buy” rating and issued a $237.00 price target (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Canaccord Genuity Group upped their price target 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 report on Saturday, August 30th. Finally, Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Royal Gold has an average rating of “Moderate Buy” and an average target price 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.