Acadian Asset Management LLC Has $22.41 Million Holdings in Royal Gold, Inc. $RGLD

Key Points

• Acadian Asset Management LLC reduced its stake in Royal Gold, Inc. by 39.8%, holding approximately 0.21% of the company's stock valued at $22.41 million after selling 90,478 shares in the first quarter.
• Analyst ratings for Royal Gold include a recent upgrade to a "buy" by Wall Street Zen, with a consensus price target of $198.63 and a mix of buy and hold ratings from various firms.
• Royal Gold has declared a $0.45 quarterly dividend to be paid on October 17th, representing an annualized yield of 1.0% and a total payout ratio of 26.39%.

Acadian Asset Management LLC lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 39.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,130 shares of the basic materials company's stock after selling 90,478 shares during the period. Acadian Asset Management LLC owned approximately 0.21% of Royal Gold worth $22,411,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Royal Gold in the first quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Royal Gold during the first quarter worth $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of Royal Gold during the first quarter worth $34,000. Bayforest Capital Ltd raised its holdings in shares of Royal Gold by 256.5% during the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after acquiring an additional 177 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Royal Gold during the first quarter worth $40,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Trading Up 0.1%

RGLD stock traded up $0.13 during trading on Friday, reaching $189.32. 616,041 shares of the stock were exchanged, compared to its average volume of 660,300. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $191.78. The company has a market capitalization of $12.46 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. The stock has a 50 day simple moving average of $167.93 and a 200-day simple moving average of $170.33.

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

Royal Gold Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on RGLD. Canaccord Genuity Group raised their target price on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Wall Street Zen upgraded Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, TD Securities reaffirmed a "buy" rating and issued a $237.00 price target (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of "Moderate Buy" and an average target price of $198.63.

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.