Kaufman Rossin Wealth LLC Takes $278,000 Position in Royal Gold, Inc. $RGLD

Key Points

• Kaufman Rossin Wealth LLC acquired 1,698 shares of Royal Gold, Inc. valued at approximately $278,000 in the first quarter of the year.
• Royal Gold's earnings report for the last quarter revealed $1.81 EPS, surpassing estimates, and a revenue growth of 20.4% year-over-year.
• The company declared a quarterly dividend of $0.45 per share, which will be paid to stockholders of record on October 3rd, representing a 1.1% dividend yield.

Kaufman Rossin Wealth LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,698 shares of the basic materials company's stock, valued at approximately $278,000.

Several other large investors also recently modified their holdings of the business. Tiemann Investment Advisors LLC increased its holdings in shares of Royal Gold by 5.0% in the first quarter. Tiemann Investment Advisors LLC now owns 2,175 shares of the basic materials company's stock worth $356,000 after acquiring an additional 103 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Royal Gold by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 405,224 shares of the basic materials company's stock worth $66,259,000 after acquiring an additional 15,167 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Royal Gold by 1.6% in the first quarter. Martingale Asset Management L P now owns 89,611 shares of the basic materials company's stock worth $14,652,000 after acquiring an additional 1,381 shares in the last quarter. Capital Fund Management S.A. increased its holdings in shares of Royal Gold by 1,362.7% in the first quarter. Capital Fund Management S.A. now owns 23,991 shares of the basic materials company's stock worth $3,923,000 after acquiring an additional 25,891 shares in the last quarter. Finally, Credit Agricole S A grew its holdings in shares of Royal Gold by 744.1% during the first quarter. Credit Agricole S A now owns 7,175 shares of the basic materials company's stock worth $1,173,000 after buying an additional 6,325 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Price Performance

RGLD stock traded up $2.69 during mid-day trading on Friday, reaching $177.44. The company had a trading volume of 635,382 shares, compared to its average volume of 858,152. The stock has a 50 day simple moving average of $167.03 and a two-hundred day simple moving average of $166.67. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.30 and a beta of 0.40. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.11. The firm had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business's revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, October 3rd. Royal Gold's dividend payout ratio (DPR) is currently 26.39%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RGLD. CIBC increased their price objective on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Canaccord Genuity Group increased their price objective on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Wall Street Zen downgraded Royal Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of "Moderate Buy" and an average price target of $198.63.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.