Aviva PLC Decreases Stake in Royal Gold, Inc. $RGLD

Aviva PLC lessened its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 34.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,633 shares of the basic materials company’s stock after selling 1,363 shares during the period. Aviva PLC’s holdings in Royal Gold were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RGLD. WPG Advisers LLC acquired a new stake in shares of Royal Gold in the 1st quarter valued at about $27,000. Cullen Frost Bankers Inc. increased its position in Royal Gold by 548.1% during the second quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after buying an additional 148 shares during the period. Blue Trust Inc. lifted its stake in Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after buying an additional 71 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold in the first quarter valued at approximately $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Gold in the first quarter valued at approximately $40,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RGLD has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a report on Thursday, October 23rd. CIBC raised their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Raymond James Financial set a $264.00 price objective on shares of Royal Gold in a research note on Thursday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. Finally, BMO Capital Markets set a $240.00 price target on Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $221.22.

Royal Gold Stock Down 1.9%

NASDAQ RGLD opened at $185.83 on Friday. The stock has a market capitalization of $12.23 billion, a P/E ratio of 27.25, a P/E/G ratio of 0.96 and a beta of 0.39. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $209.42. The firm has a 50-day moving average price of $189.33 and a 200 day moving average price of $178.26.

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

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a $0.45 dividend. 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 24.73%.

About Royal Gold

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.