Charles Schwab Investment Management Inc. Has $84.34 Million Position in Royal Gold, Inc. $RGLD

Charles Schwab Investment Management Inc. lessened its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 474,231 shares of the basic materials company’s stock after selling 10,450 shares during the period. Charles Schwab Investment Management Inc. owned about 0.72% of Royal Gold worth $84,337,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RGLD. AQR Capital Management LLC lifted its holdings in Royal Gold by 68.8% during the 1st 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 last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Royal Gold by 1,090.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 319,454 shares of the basic materials company’s stock worth $56,811,000 after buying an additional 292,611 shares in the last quarter. Nuveen LLC bought a new position in shares of Royal Gold in the first quarter valued at approximately $40,882,000. Symphony Financial Ltd. Co. acquired a new position in shares of Royal Gold in the 2nd quarter worth approximately $22,141,000. Finally, Swedbank AB grew its position in Royal Gold by 51.6% during the 2nd quarter. Swedbank AB now owns 314,148 shares of the basic materials company’s stock worth $55,868,000 after acquiring an additional 106,993 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 1.4%

Shares of RGLD stock opened at $203.79 on Friday. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 0.96 and a beta of 0.39. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $209.42. The stock has a 50-day moving average price of $189.84 and a 200 day moving average price of $179.14.

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). 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 for the quarter, compared to analyst estimates of $275.11 million. During the same quarter in the previous year, the company posted $1.47 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RGLD shares. BMO Capital Markets set a $240.00 price objective on Royal Gold and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. TD Securities reiterated a “buy” rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. TD Cowen raised their price objective on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Raymond James Financial set a $264.00 target price on shares of Royal Gold in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $225.40.

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.