3,300 Shares in Royal Gold, Inc. $RGLD Bought by Autumn Glory Partners LLC

Key Points

• Autumn Glory Partners LLC has acquired a new position in Royal Gold, purchasing 3,300 shares valued at approximately $587,000 during the second quarter.
• Royal Gold has reported a 20.4% increase in quarterly revenue compared to the same quarter last year, alongside an earnings per share of $1.81, surpassing analysts' expectations.
• The company will pay a quarterly dividend of $0.45 per share on October 17th, which represents a 0.9% dividend yield on an annualized basis.

Autumn Glory Partners LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the second quarter, according to its most recent filing with the SEC. The firm bought 3,300 shares of the basic materials company's stock, valued at approximately $587,000.

A number of other large investors also recently modified their holdings of RGLD. AQR Capital Management LLC lifted its holdings in shares of Royal Gold by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company's stock worth $274,887,000 after purchasing an additional 685,857 shares in the last quarter. Nuveen LLC bought a new position in Royal Gold during the 1st quarter valued at $40,882,000. Victory Capital Management Inc. lifted its stake in Royal Gold by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company's stock valued at $67,886,000 after acquiring an additional 223,870 shares in the last quarter. Copeland Capital Management LLC lifted its stake in Royal Gold by 106,046.2% during the 1st quarter. Copeland Capital Management LLC now owns 137,990 shares of the basic materials company's stock valued at $22,563,000 after acquiring an additional 137,860 shares in the last quarter. Finally, Swedbank AB lifted its stake in Royal Gold by 51.6% during the 2nd quarter. Swedbank AB now owns 314,148 shares of the basic materials company's stock valued at $55,868,000 after acquiring an additional 106,993 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings restated a "buy (b)" rating on shares of Royal Gold in a research note on Saturday, September 27th. Canaccord Genuity Group raised their price objective on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Wall Street Zen upgraded Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. TD Securities reaffirmed a "buy" rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Finally, Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Royal Gold presently has an average rating of "Moderate Buy" and a consensus price target of $198.63.

Royal Gold Stock Up 0.7%

RGLD stock opened at $200.34 on Monday. The firm has a market capitalization of $13.19 billion, a PE ratio of 29.38, a PEG ratio of 1.58 and a beta of 0.41. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $203.18. The stock has a 50-day simple moving average of $178.69 and a two-hundred day simple moving average of $174.74.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its 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 business had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. On average, equities research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 3rd. Royal Gold's dividend payout ratio (DPR) is 26.39%.

Royal Gold 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.

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