Aubrey Capital Management Ltd Has $1.34 Million Stock Holdings in Royal Gold, Inc. $RGLD

Aubrey Capital Management Ltd boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 54.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,729 shares of the basic materials company’s stock after buying an additional 2,360 shares during the period. Aubrey Capital Management Ltd’s holdings in Royal Gold were worth $1,338,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Avidian Wealth Enterprises LLC grew its holdings in shares of Royal Gold by 2.3% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,635 shares of the basic materials company’s stock valued at $529,000 after purchasing an additional 59 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Royal Gold by 9.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,750 shares of the basic materials company’s stock valued at $2,357,000 after acquiring an additional 1,004 shares during the last quarter. Vest Financial LLC lifted its stake in Royal Gold by 17.4% in the third quarter. Vest Financial LLC now owns 15,492 shares of the basic materials company’s stock valued at $3,107,000 after buying an additional 2,297 shares during the period. Root Financial Partners LLC acquired a new stake in Royal Gold in the third quarter worth $116,000. Finally, Verdence Capital Advisors LLC increased its stake in Royal Gold by 7.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,333 shares of the basic materials company’s stock valued at $669,000 after purchasing an additional 222 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $279.54 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. Royal Gold, Inc. has a 1 year low of $135.68 and a 1 year high of $283.44. The stock has a market capitalization of $23.59 billion, a P/E ratio of 38.40, a P/E/G ratio of 0.76 and a beta of 0.49. The company’s 50-day moving average is $220.80 and its 200 day moving average is $192.95.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted 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 return on equity of 14.14% and a net margin of 55.99%.The firm had revenue of $250.23 million during the quarter, compared to the consensus estimate of $275.11 million. During the same quarter last year, the company posted $1.47 EPS. Royal Gold’s revenue for the quarter was up 30.1% compared to the same quarter last year. On average, sell-side analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s payout ratio is presently 26.10%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RGLD shares. Bank of America upped their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. Raymond James Financial set a $264.00 price objective on Royal Gold in a report on Thursday, November 6th. TD Cowen boosted their target price 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. BMO Capital Markets set a $240.00 target price on shares of Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $234.60.

Royal Gold Company 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.