American Century Companies Inc. Purchases 5,635 Shares of Royal Gold, Inc. $RGLD

American Century Companies Inc. grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 240,423 shares of the basic materials company’s stock after acquiring an additional 5,635 shares during the quarter. American Century Companies Inc. owned 0.37% of Royal Gold worth $42,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RGLD. Vanguard Group Inc. increased its holdings in Royal Gold by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company’s stock worth $1,095,336,000 after buying an additional 46,956 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Royal Gold by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock valued at $311,457,000 after purchasing an additional 61,352 shares in the last quarter. AQR Capital Management LLC raised its stake in 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 boosted its position in Royal Gold by 1.4% in the first quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company’s stock valued at $202,921,000 after buying an additional 16,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Royal Gold by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock worth $152,628,000 after purchasing an additional 55,685 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD opened at $203.79 on Friday. The firm has a market cap of $17.20 billion, a P/E ratio of 29.88, a P/E/G ratio of 0.96 and a beta of 0.39. The stock has a 50 day simple moving average of $189.84 and a two-hundred day simple moving average of $179.08. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $209.42.

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 (EPS) 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 company had revenue of $250.23 million for the quarter, compared to the consensus estimate of $275.11 million. During the same period last year, the business posted $1.47 earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a $0.475 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, January 2nd. This represents a $1.90 annualized dividend and a yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is 26.10%.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Bank of America raised their price target on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, October 16th. CIBC boosted their price target on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Finally, BMO Capital Markets set a $240.00 price objective on Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.40.

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.