American Century Companies Inc. Has $38.39 Million Stock Position in Royal Gold, Inc. $RGLD

Key Points

• American Century Companies Inc. increased its stake in Royal Gold, Inc. by 5.9%, owning a total of 234,788 shares valued at approximately $38.39 million.
• Royal Gold reported $1.81 EPS for the most recent quarter, exceeding analysts' expectations, with a revenue of $209.64 million, which is up 20.4% from the previous year.
• The company announced a quarterly dividend of $0.45 per share, representing an annualized yield of 1.1%, with an ex-dividend date set for October 3.

American Century Companies Inc. lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,788 shares of the basic materials company's stock after acquiring an additional 13,017 shares during the quarter. American Century Companies Inc. owned 0.36% of Royal Gold worth $38,390,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of Royal Gold during the 1st quarter worth $32,000. Banque Cantonale Vaudoise bought a new stake in shares of Royal Gold during the 1st quarter worth $34,000. Bayforest Capital Ltd boosted its stake in shares of Royal Gold by 256.5% during the 1st 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. Caitong International Asset Management Co. Ltd bought a new stake in shares of Royal Gold during the 1st quarter worth $40,000. Finally, Larson Financial Group LLC boosted its stake in shares of Royal Gold by 77.0% during the 1st quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company's stock worth $72,000 after acquiring an additional 191 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

RGLD traded up $2.69 during trading on Friday, reaching $177.44. 635,382 shares of the stock traded hands, compared to its average volume of 858,152. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.30 and a beta of 0.40. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $191.78. The stock's 50-day simple moving average is $167.03 and its two-hundred day simple moving average is $166.67.

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. Research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Royal Gold's dividend payout ratio (DPR) is 26.39%.

Wall Street Analyst Weigh In

RGLD has been the subject of several recent analyst reports. Canaccord Genuity Group raised their target price on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Wall Street Zen cut Royal Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Zacks Research cut Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. CIBC raised their target price on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, TD Securities reaffirmed a "buy" rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.