82,198 Royal Gold, Inc. $RGLD Shares Acquired by U S Global Investors Inc.

Key Points

• U.S. Global Investors increased its Royal Gold stake by 6,549.6% in the third quarter, acquiring 82,198 additional shares and bringing its total holdings to 83,453 shares valued at approximately $19.7 million. Institutional investors collectively own 83.65% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and three Holds. Royal Gold has an average “Moderate Buy” rating and an average price target of $309.56, above its reported $234.72 share price.
• Royal Gold reported quarterly revenue of $468.98 million, up 114.9% year over year, and EPS of $2.56, slightly exceeding estimates. The company also pays a quarterly dividend of $0.475, equivalent to an annualized $1.90 and a 0.8% yield.

U S Global Investors Inc. lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 6,549.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,453 shares of the basic materials company's stock after purchasing an additional 82,198 shares during the quarter. Royal Gold accounts for about 1.9% of U S Global Investors Inc.'s investment portfolio, making the stock its 11th largest holding. U S Global Investors Inc. owned 0.10% of Royal Gold worth $19,695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of RGLD. BlackRock Inc. acquired a new stake in Royal Gold during the 2nd quarter worth about $2,177,865,000. Bank of New York Mellon Corp purchased a new stake in Royal Gold during the second quarter valued at about $150,762,000. Findlay Park Partners LLP acquired a new position in shares of Royal Gold in the second quarter worth about $111,392,000. Bank of America Corp DE acquired a new position in shares of Royal Gold in the second quarter worth about $88,124,000. Finally, Deutsche Bank AG acquired a new position in shares of Royal Gold in the second quarter worth about $69,325,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on RGLD shares. Royal Bank Of Canada lifted their target price on shares of Royal Gold from $305.00 to $325.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Scotiabank restated a "sector perform" rating and issued a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. TD decreased their price objective on shares of Royal Gold from $315.00 to $311.00 and set a "buy" rating for the company in a research note on Tuesday. Raymond James Financial reaffirmed an "outperform" rating and issued a $336.00 price objective on shares of Royal Gold in a research note on Tuesday. Finally, Zacks Research upgraded shares of Royal Gold from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Royal Gold currently has an average rating of "Moderate Buy" and an average target price of $309.56.

Royal Gold Stock Down 3.0%

NASDAQ:RGLD opened at $234.72 on Friday. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 1.78 and a beta of 0.45. Royal Gold, Inc. has a 1-year low of $168.88 and a 1-year high of $306.25. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The business's fifty day moving average price is $247.11 and its 200 day moving average price is $230.61.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (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 firm had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same period in the prior year, the business earned $1.81 EPS. The business's revenue for the quarter was up 114.9% on a year-over-year basis. On average, sell-side analysts forecast that Royal Gold, Inc. will post 10.47 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were given a $0.4750 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Royal Gold's dividend payout ratio is 20.74%.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares in the company, valued at approximately $2,123,949.60. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by company insiders.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold's business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.

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