Vontobel Holding Ltd. Purchases 243 Shares of Royal Gold, Inc. $RGLD

Vontobel Holding Ltd. grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 17.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,659 shares of the basic materials company’s stock after buying an additional 243 shares during the quarter. Vontobel Holding Ltd.’s holdings in Royal Gold were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in Royal Gold during the first quarter worth about $27,000. Alpine Bank Wealth Management bought a new stake in shares of Royal Gold during the first quarter valued at approximately $32,000. Banque Cantonale Vaudoise bought a new stake in shares of Royal Gold during the first quarter valued at approximately $34,000. Bayforest Capital Ltd grew its stake in shares of Royal Gold by 256.5% during 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 bought a new stake in shares of Royal Gold during the first quarter valued at approximately $40,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $202.24 on Thursday. The company’s 50 day simple moving average is $185.82 and its 200 day simple moving average is $176.74. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $206.49. The firm has a market capitalization of $13.31 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.58 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $186.63 million. During the same period 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 expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is 26.39%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RGLD. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. CIBC increased their price target on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. TD Securities reissued a “buy” rating and set a $237.00 price target (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $203.00.

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.