1,884 Shares in Royal Gold, Inc. $RGLD Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has acquired a new stake in Royal Gold, Inc., purchasing 1,884 shares valued at approximately $307,000 in the first quarter.
• Royal Gold reported $1.81 EPS for the last quarter, exceeding analyst estimates of $1.70, with revenues of $209.64 million, up 20.4% year-over-year.
• The company declared a quarterly dividend of $0.45 per share, which will be paid on October 17th, reflecting a 1.0% yield based on an annualized payout.

Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,884 shares of the basic materials company's stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Royal Gold in the 1st quarter valued at approximately $32,000. Banque Cantonale Vaudoise bought a new position in shares of Royal Gold during the 1st quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Royal Gold during the 1st quarter worth approximately $40,000. 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 during the period. Finally, Brooklyn Investment Group boosted its stake in shares of Royal Gold by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 276 shares of the basic materials company's stock worth $45,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RGLD. CIBC lifted their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wall Street Zen cut Royal Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Zacks Research cut Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group boosted their price target on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $198.63.

Royal Gold Stock Up 2.0%

Shares of NASDAQ RGLD traded up $3.60 during trading on Friday, reaching $179.63. The company had a trading volume of 297,638 shares, compared to its average volume of 628,723. The stock has a market cap of $11.82 billion, a P/E ratio of 26.32, a PEG ratio of 1.29 and a beta of 0.40. The company's fifty day moving average price is $166.78 and its 200-day moving average price is $167.37. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $191.78.

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

Royal Gold Dividend Announcement

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

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.