Advisors Asset Management Inc. Has $616,000 Position in Royal Gold, Inc. $RGLD

Key Points

• Advisors Asset Management Inc. raised its holdings in Royal Gold, Inc. by 104.9% during the 1st quarter, now owning shares worth $616,000.
• Royal Gold reported quarterly earnings of $1.81 EPS, beating estimates and showing a 20.4% year-over-year revenue increase.
• Royal Gold announced a quarterly dividend of $0.45 per share, representing an annualized dividend of $1.80 and a 1.0% yield.

Advisors Asset Management Inc. raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 104.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,768 shares of the basic materials company's stock after buying an additional 1,929 shares during the period. Advisors Asset Management Inc.'s holdings in Royal Gold were worth $616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGLD. GAMMA Investing LLC increased its stake in Royal Gold by 17,722.4% in the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock valued at $74,806,000 after buying an additional 454,934 shares during the last quarter. Select Equity Group L.P. acquired a new stake in Royal Gold in the 4th quarter valued at $55,825,000. Nuveen LLC acquired a new stake in Royal Gold in the 1st quarter valued at $40,882,000. Victory Capital Management Inc. increased its stake in Royal Gold by 117.0% in 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 buying an additional 223,870 shares during the last quarter. Finally, Copeland Capital Management LLC increased its stake in Royal Gold by 106,046.2% in 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 buying an additional 137,860 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

NASDAQ:RGLD opened at $186.18 on Thursday. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $191.78. The company has a market cap of $12.26 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.35 and a beta of 0.43. The firm's fifty day moving average price is $167.55 and its two-hundred day moving average price is $169.49.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $209.64 million for the quarter, compared to the consensus estimate of $186.63 million. During the same period in the previous year, the company earned $1.25 earnings per share. The company's quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share 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 $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, October 3rd. Royal Gold's payout ratio is currently 26.39%.

Analyst Upgrades and Downgrades

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

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