IFP Advisors Inc Acquires 274 Shares of Royal Gold, Inc. $RGLD

IFP Advisors Inc grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 61.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 718 shares of the basic materials company’s stock after acquiring an additional 274 shares during the quarter. IFP Advisors Inc’s holdings in Royal Gold were worth $128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Royal Gold during the 1st quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new position in shares of Royal Gold during the 1st quarter valued at approximately $32,000. Banque Cantonale Vaudoise bought a new position in shares of Royal Gold during the 1st quarter valued at approximately $34,000. Bayforest Capital Ltd boosted its position in shares of Royal Gold by 256.5% during 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 last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Royal Gold during the 1st quarter valued at approximately $40,000. 83.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RGLD has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. Zacks Research downgraded Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. TD Securities restated a “buy” rating and issued a $237.00 price target (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Bank of America lifted their target price on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday. Finally, Wall Street Zen upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $203.00.

Royal Gold Stock Performance

Shares of RGLD stock opened at $193.76 on Friday. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $209.42. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.52 and a beta of 0.41. The stock’s 50-day simple moving average is $187.14 and its 200-day simple moving average is $177.32.

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

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were given a $0.45 dividend. The ex-dividend date was 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 is currently 26.39%.

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.