28,726 Shares in Royal Gold, Inc. $RGLD Purchased by Cibc World Market Inc.

Key Points

• CIBC World Market acquired 28,726 Royal Gold shares worth approximately $5.7 million in the second quarter. Institutional investors own 83.65% of the company, with major holders including BlackRock, Capital World Investors and Vanguard.
• Royal Gold reported quarterly EPS of $2.56, slightly ahead of estimates, while revenue rose 114.9% year over year to $468.98 million. The company also maintains strong liquidity, including a 2.92 current ratio and minimal debt.
• The company declared a quarterly dividend of $0.475, equivalent to $1.90 annually and a 0.7% yield. Analysts’ consensus rating is Hold, with an average price target of $285.10.

Cibc World Market Inc. acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,726 shares of the basic materials company's stock, valued at approximately $5,734,000.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Royal Gold during the 2nd quarter worth approximately $2,177,865,000. Capital World Investors lifted its stake 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 valued at $2,163,732,000 after purchasing an additional 678,732 shares during the period. Vanguard Group Inc. lifted its stake 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 valued at $1,867,001,000 after purchasing an additional 1,681,577 shares during the period. Van ECK Associates Corp boosted its position in shares of Royal Gold by 18.1% during the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company's stock valued at $1,311,607,000 after purchasing an additional 905,488 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Royal Gold by 11.9% during the fourth quarter. State Street Corp now owns 3,718,646 shares of the basic materials company's stock valued at $826,618,000 after purchasing an additional 396,778 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 1.5%

RGLD stock opened at $267.76 on Wednesday. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The firm has a market cap of $22.69 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 2.00 and a beta of 0.44. The business has a 50 day moving average of $212.06 and a 200 day moving average of $236.44.

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

Royal Gold Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on RGLD shares. Royal Bank Of Canada decreased their price objective on Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Scotiabank restated a "sector perform" rating and set a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. UBS Group upped their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group lowered their price target on shares of Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a research report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $285.10.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares in the company, valued at $1,852,424.70. The trade was a 5.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

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.

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