Royal Gold, Inc. $RGLD Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,640 shares of the basic materials company’s stock after acquiring an additional 7,510 shares during the period. Acadian Asset Management LLC owned 0.22% of Royal Gold worth $25,708,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RGLD. AQR Capital Management LLC raised its position in Royal Gold by 68.8% in the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock valued at $274,887,000 after purchasing an additional 685,857 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Royal Gold by 1,090.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 319,454 shares of the basic materials company’s stock valued at $56,811,000 after buying an additional 292,611 shares during the last quarter. Nuveen LLC purchased a new position in Royal Gold during the first quarter worth about $40,882,000. Victory Capital Management Inc. boosted its stake in Royal Gold by 117.0% during the first quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company’s stock worth $67,886,000 after buying an additional 223,870 shares during the period. Finally, Swedbank AB increased its position in shares of Royal Gold by 51.6% during the second quarter. Swedbank AB now owns 314,148 shares of the basic materials company’s stock valued at $55,868,000 after acquiring an additional 106,993 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Bank of America raised their price target on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, October 16th. BMO Capital Markets set a $240.00 price objective on Royal Gold and gave the company an “outperform” rating in a report on Tuesday, October 21st. CIBC increased their target price on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.22.

Royal Gold Stock Performance

RGLD stock opened at $184.73 on Tuesday. The company’s 50 day moving average price is $188.79 and its 200 day moving average price is $177.98. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 0.96 and a beta of 0.39. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $209.42.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The firm had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $275.11 million. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. Equities analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, October 3rd. Royal Gold’s dividend payout ratio is 24.73%.

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.