Dynamic Advisor Solutions LLC Takes $966,000 Position in Royal Gold, Inc. $RGLD

Dynamic Advisor Solutions LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 4,814 shares of the basic materials company’s stock, valued at approximately $966,000.

A number of other hedge funds have also recently added to or reduced their stakes in RGLD. WPG Advisers LLC purchased a new position in Royal Gold in the first quarter valued at $27,000. Cullen Frost Bankers Inc. boosted its stake in shares of Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 148 shares in the last quarter. Blue Trust Inc. grew its position in shares of Royal Gold by 56.8% during the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 71 shares during the period. Caldwell Trust Co purchased a new position in shares of Royal Gold in the 2nd quarter valued at about $36,000. Finally, Bayforest Capital Ltd raised its holdings in Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 177 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. CIBC raised their price objective on Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, October 10th. BMO Capital Markets set a $240.00 price target on shares of Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Wall Street Zen lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. TD Cowen increased their price objective on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. One research 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 company. According to data from MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and an average price target of $234.60.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $227.64 on Monday. The firm has a 50-day simple moving average of $193.98 and a 200-day simple moving average of $182.65. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $229.89.

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 the consensus estimate of $2.30 by ($0.24). The business had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 EPS. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, January 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 24.73%.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.