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Allianz Asset Management GmbH Has $24.34 Million Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Royal Gold logo with Basic Materials background

Allianz Asset Management GmbH grew its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 5.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,850 shares of the basic materials company's stock after acquiring an additional 8,133 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.23% of Royal Gold worth $24,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in RGLD. Alpine Bank Wealth Management bought a new stake in shares of Royal Gold in the 1st quarter valued at approximately $32,000. Larson Financial Group LLC increased its holdings in shares of Royal Gold by 77.0% in the 1st quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company's stock valued at $72,000 after acquiring an additional 191 shares during the last quarter. HM Payson & Co. increased its holdings in shares of Royal Gold by 4,545.5% in the 1st quarter. HM Payson & Co. now owns 511 shares of the basic materials company's stock valued at $84,000 after acquiring an additional 500 shares during the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of Royal Gold in the 4th quarter valued at approximately $95,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at approximately $129,000. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the company a "market perform" rating in a research report on Thursday, May 22nd. CIBC boosted their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Raymond James Financial boosted their price objective on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of "Moderate Buy" and a consensus price target of $192.13.

Get Our Latest Stock Report on Royal Gold

Royal Gold Stock Down 1.7%

RGLD stock traded down $2.56 during trading on Monday, reaching $152.43. 169,760 shares of the company's stock were exchanged, compared to its average volume of 595,852. Royal Gold, Inc. has a 1-year low of $125.68 and a 1-year high of $191.78. The company's fifty day moving average price is $172.93 and its 200-day moving average price is $163.28. The firm has a market cap of $10.03 billion, a PE ratio of 25.22, a P/E/G ratio of 1.10 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same quarter in the previous year, the business earned $0.91 EPS. The company's quarterly revenue was up 29.9% compared to the same quarter last year. As a group, sell-side analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

Royal Gold Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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