Royal Gold, Inc. (NASDAQ:RGLD) Shares Acquired by Armor Advisors L.L.C.

Key Points

• Armor Advisors L.L.C. increased its holdings in Royal Gold by 85.0% in Q1, with an investment now totaling approximately $10.09 million, making it the firm's 5th largest position.
• Royal Gold recently reported earnings of $1.51 per share, exceeding analyst expectations, and saw a revenue increase of 29.9% year-over-year, amounting to $193.44 million.
• The company declared a quarterly dividend of $0.45 per share, representing an annualized payment of $1.80, which equates to a 1.2% dividend yield.

Armor Advisors L.L.C. lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 85.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,705 shares of the basic materials company's stock after purchasing an additional 28,347 shares during the quarter. Royal Gold accounts for approximately 8.0% of Armor Advisors L.L.C.'s portfolio, making the stock its 5th largest holding. Armor Advisors L.L.C. owned 0.09% of Royal Gold worth $10,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RGLD. GAMMA Investing LLC grew its stake in shares of Royal Gold by 17,722.4% during the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after purchasing an additional 454,934 shares during the period. Select Equity Group L.P. acquired a new stake in Royal Gold in the 4th quarter valued at $55,825,000. Norges Bank acquired a new stake in Royal Gold in the 4th quarter valued at $44,009,000. Victory Capital Management Inc. grew 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 acquiring an additional 223,870 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new stake in Royal Gold in the 4th quarter valued at $27,536,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Canaccord Genuity Group lifted their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. CIBC lifted their target price on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen lowered Royal Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.13.

Royal Gold Trading Up 2.6%

RGLD traded up $4.03 on Tuesday, hitting $160.46. The company had a trading volume of 485,057 shares, compared to its average volume of 607,609. The firm has a market cap of $10.56 billion, a P/E ratio of 26.57, a PEG ratio of 1.08 and a beta of 0.40. Royal Gold, Inc. has a 1 year low of $127.31 and a 1 year high of $191.78. The company's fifty day moving average price is $169.91 and its 200 day moving average price is $163.97.

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

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 3rd. Royal Gold's payout ratio is currently 29.80%.

Royal Gold Company 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.