11,115 Shares in Royal Gold, Inc. $RGLD Acquired by EFG International AG

Key Points

• EFG International AG acquired 11,115 shares of Royal Gold during the second quarter, valued at approximately $2.2 million. Institutional investors collectively own 83.65% of the company.
• Royal Gold reported quarterly revenue of $468.98 million, up 114.9% year over year, and earnings of $2.56 per share, slightly exceeding analyst expectations.
• The company declared a quarterly dividend of $0.475 per share, equivalent to an annualized yield of 0.7%. Analysts maintain a consensus “Hold” rating with an average price target of $285.10.

EFG International AG purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,115 shares of the basic materials company's stock, valued at approximately $2,219,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Royal Gold during the second quarter valued at $2,177,865,000. Capital World Investors grew its holdings in shares of Royal Gold by 7.5% in the 4th quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company's stock worth $2,163,732,000 after purchasing an additional 678,732 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Royal Gold by 25.0% in the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company's stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Royal Gold by 18.1% during the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company's stock worth $1,311,607,000 after purchasing an additional 905,488 shares in the last quarter. Finally, State Street Corp increased its position in shares of Royal Gold by 11.9% during the 4th quarter. State Street Corp now owns 3,718,646 shares of the basic materials company's stock worth $826,618,000 after purchasing an additional 396,778 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Price Performance

RGLD opened at $266.14 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The stock has a market capitalization of $22.55 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 2.02 and a beta of 0.44. The company's 50 day simple moving average is $213.02 and its 200-day simple moving average is $236.53. Royal Gold, Inc. has a one year low of $168.88 and a one year high of $306.25.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm had revenue of $468.98 million during the quarter, compared to analysts' expectations of $458.85 million. During the same quarter in the previous year, the company posted $1.81 EPS. Royal Gold's revenue was up 114.9% on a year-over-year basis. Sell-side analysts anticipate that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold's payout ratio is presently 20.74%.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares of the company's stock, valued at $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on RGLD. Weiss Ratings lowered shares of Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Royal Bank Of Canada cut their target price on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Zacks Research downgraded Royal Gold from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. UBS Group increased their price target on Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $310.00 price target on shares of Royal Gold in a report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $285.10.

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.

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