10,263 Shares in Royal Gold, Inc. $RGLD Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,263 shares of the basic materials company’s stock, valued at approximately $2,059,000.

Several other large investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. lifted 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 worth $31,000 after buying an additional 148 shares in the last quarter. Blue Trust Inc. raised 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 acquiring an additional 71 shares during the last quarter. Caldwell Trust Co bought a new position in Royal Gold in the 2nd quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its position in Royal Gold by 33.9% in 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 boosted 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 purchasing an additional 216 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Up 4.8%

Shares of NASDAQ:RGLD opened at $265.77 on Monday. The stock’s 50-day simple moving average is $241.62 and its two-hundred day simple moving average is $203.21. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 0.73 and a beta of 0.49. Royal Gold, Inc. has a 52-week low of $142.95 and a 52-week high of $306.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders 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. The ex-dividend date was Friday, January 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is currently 26.10%.

Analyst Ratings Changes

Several research analysts have recently weighed in on RGLD shares. Raymond James Financial set a $264.00 price target on Royal Gold in a research note on Thursday, November 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Wall Street Zen cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. TD Cowen raised their price target 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, Bank of America boosted their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.