Global Assets Advisory LLC Acquires Shares of 2,049 Royal Gold, Inc. $RGLD

Global Assets Advisory LLC bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,049 shares of the basic materials company’s stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RGLD. Goldman Sachs Group Inc. boosted its holdings in Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after buying an additional 84,206 shares during the period. Focus Partners Wealth lifted its position in shares of Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after acquiring an additional 2,876 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Royal Gold by 18.6% in the second quarter. Farther Finance Advisors LLC now owns 963 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 151 shares during the period. Norden Group LLC bought a new position in shares of Royal Gold in the second quarter worth $214,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Royal Gold by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 22,243 shares of the basic materials company’s stock valued at $3,956,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 1.8%

Shares of RGLD opened at $293.09 on Monday. Royal Gold, Inc. has a 1-year low of $135.68 and a 1-year high of $293.99. The company has a market capitalization of $24.74 billion, a P/E ratio of 40.26, a P/E/G ratio of 0.80 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. The firm’s 50 day simple moving average is $224.92 and its 200 day simple moving average is $194.95.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). The company had revenue of $250.23 million during the quarter, compared to the consensus estimate of $275.11 million. Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.Royal Gold’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 EPS. Sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a $0.475 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, January 2nd. Royal Gold’s payout ratio is currently 26.10%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RGLD shares. Scotiabank reissued an “outperform” rating on shares of Royal Gold in a report on Thursday, October 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Wall Street Zen cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Raymond James Financial set a $264.00 target price on shares of Royal Gold in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.60.

About Royal Gold

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.