Signaturefd LLC Acquires 74 Shares of Royal Gold, Inc. $RGLD

Signaturefd LLC boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,061 shares of the basic materials company’s stock after buying an additional 74 shares during the quarter. Signaturefd LLC’s holdings in Royal Gold were worth $189,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. PFG Investments LLC grew its position in Royal Gold by 0.9% during the first quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company’s stock valued at $971,000 after buying an additional 54 shares during the period. BCS Wealth Management grew its position in Royal Gold by 0.3% during the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company’s stock valued at $3,385,000 after buying an additional 63 shares during the period. NorthRock Partners LLC grew its position in Royal Gold by 4.5% during the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock valued at $259,000 after buying an additional 68 shares during the period. Intech Investment Management LLC grew its position in Royal Gold by 0.5% during the first quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company’s stock valued at $2,705,000 after buying an additional 78 shares during the period. Finally, Parallel Advisors LLC grew its position in Royal Gold by 2.9% during the second quarter. Parallel Advisors LLC now owns 2,797 shares of the basic materials company’s stock valued at $497,000 after buying an additional 80 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RGLD has been the topic of several analyst reports. Canaccord Genuity Group lifted their price target on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. TD Securities reaffirmed a “buy” rating and set a $237.00 price target (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, Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.63.

Royal Gold Stock Performance

RGLD stock opened at $199.03 on Friday. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $203.18. The company’s fifty day moving average price is $177.78 and its 200-day moving average price is $174.16. The company has a market capitalization of $13.10 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.58 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released 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. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $209.64 million for the quarter, compared to the consensus estimate of $186.63 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, October 3rd. Royal Gold’s payout ratio is currently 26.39%.

About Royal Gold

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.