Royal Gold, Inc. $RGLD Stock Position Raised by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 548.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175 shares of the basic materials company’s stock after purchasing an additional 148 shares during the period. Cullen Frost Bankers Inc.’s holdings in Royal Gold were worth $31,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Royal Gold during the 1st quarter worth about $27,000. Blue Trust Inc. lifted its holdings in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 71 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Royal Gold in the 1st quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd acquired a new stake in Royal Gold in the 1st quarter worth approximately $40,000. Finally, Bayforest Capital Ltd lifted its holdings in Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 177 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RGLD has been the subject of several analyst reports. TD Securities restated a “buy” rating and issued a $237.00 target price (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Bank of America boosted their target price on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. Wall Street Zen upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Scotiabank restated an “outperform” rating on shares of Royal Gold in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.44.

Royal Gold Stock Down 2.7%

Shares of NASDAQ RGLD opened at $177.59 on Tuesday. The business’s 50 day moving average is $188.70 and its two-hundred day moving average is $178.47. The company has a market cap of $11.69 billion, a P/E ratio of 26.04, a P/E/G ratio of 0.99 and a beta of 0.41. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $209.42.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly 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. The company had revenue of $209.64 million for the quarter, compared to the consensus estimate 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 for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. Sell-side analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s 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.