Royal Gold, Inc. $RGLD Stake Boosted by Alps Advisors Inc.

Alps Advisors Inc. boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,996 shares of the basic materials company’s stock after buying an additional 27,322 shares during the period. Alps Advisors Inc. owned 0.19% of Royal Gold worth $25,072,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its stake in shares of Royal Gold by 548.1% in the second quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 148 shares during the period. Blue Trust Inc. grew its holdings in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after buying an additional 71 shares in the last quarter. Caldwell Trust Co acquired a new stake in Royal Gold in the 2nd quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB raised its stake in Royal Gold by 33.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 56 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in Royal Gold by 568.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Up 4.8%

RGLD opened at $265.77 on Friday. The business has a 50-day moving average of $241.62 and a 200-day moving average of $202.89. Royal Gold, Inc. has a fifty-two week low of $142.95 and a fifty-two week high of $306.25. The company has a market capitalization of $22.43 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 0.73 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.

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

Royal Gold Increases Dividend

The firm 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. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, January 2nd. Royal Gold’s dividend payout ratio (DPR) is 26.10%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RGLD shares. Wall Street Zen lowered Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. TD Cowen increased their target price 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. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Bank of America upped their price target on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.50.

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.