Atria Investments Inc Buys 405 Shares of Royal Gold, Inc. $RGLD

Atria Investments Inc boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 29.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,792 shares of the basic materials company’s stock after buying an additional 405 shares during the period. Atria Investments Inc’s holdings in Royal Gold were worth $319,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Royal Gold by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company’s stock valued at $1,095,336,000 after purchasing an additional 46,956 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Royal Gold by 68.8% during the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock worth $274,887,000 after acquiring an additional 685,857 shares in the last quarter. Findlay Park Partners LLP lifted its stake in Royal Gold by 1.4% in the 1st quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company’s stock valued at $202,921,000 after acquiring an additional 16,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Royal Gold by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock worth $152,628,000 after buying an additional 55,685 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Royal Gold by 2.3% during the first quarter. Invesco Ltd. now owns 776,840 shares of the basic materials company’s stock worth $127,021,000 after buying an additional 17,649 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. CIBC raised their target price on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. TD Securities reiterated 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. Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Finally, Raymond James Financial set a $264.00 target price on Royal Gold in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.22.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $193.51 on Thursday. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 0.96 and a beta of 0.39. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $209.42. The stock’s 50-day moving average is $189.13 and its 200 day moving average is $178.15.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its 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). The company had revenue of $250.23 million for the quarter, compared to analyst estimates of $275.11 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 EPS. On average, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 24.73%.

Royal Gold 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.