Banque Pictet & Cie SA purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,831 shares of the basic materials company's stock, valued at approximately $626,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital World Investors lifted its holdings in Royal Gold by 0.4% in the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock valued at $1,156,842,000 after acquiring an additional 37,648 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Royal Gold by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock valued at $877,058,000 after acquiring an additional 89,298 shares during the last quarter. Northern Trust Corp lifted its holdings in Royal Gold by 19.6% in the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock valued at $135,730,000 after acquiring an additional 168,569 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Royal Gold by 18.1% in the 4th quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock valued at $131,412,000 after acquiring an additional 152,599 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Royal Gold by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company's stock valued at $115,735,000 after acquiring an additional 49,206 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
RGLD has been the subject of a number of research analyst reports. Raymond James Financial upped their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Canaccord Genuity Group upped their price objective on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Finally, CIBC upped their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.13.
Read Our Latest Stock Analysis on RGLD
Royal Gold Stock Performance
Shares of NASDAQ RGLD traded up $0.17 during mid-day trading on Friday, reaching $159.96. The company had a trading volume of 1,133,308 shares, compared to its average volume of 463,106. Royal Gold, Inc. has a 12-month low of $125.69 and a 12-month high of $191.78. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.14 and a beta of 0.44. The stock has a fifty day moving average of $176.67 and a two-hundred day moving average of $161.27.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The business had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same period in the prior year, the business posted $0.91 earnings per share. Royal Gold's revenue for the quarter was up 29.9% compared to the same quarter last year. Sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.
Royal Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.13%. Royal Gold's dividend payout ratio is currently 29.80%.
About Royal Gold
(
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.
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