Royal Gold, Inc. $RGLD Shares Sold by BDF Gestion

Key Points

• BDF Gestion has reduced its holdings in Royal Gold, Inc. by 9.8%, selling 1,955 shares during the second quarter, leaving it with 17,930 shares valued at approximately $3.19 million.
• Institutional interest remains high, with several firms like Two Sigma Investments and UBS Asset Management increasing their stakes in Royal Gold during the fourth quarter, indicative of strong investor confidence.
• Royal Gold recently reported earnings per share of $1.81 for the last quarter, surpassing estimates and marking a 20.4% revenue increase year-over-year.

BDF Gestion cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 9.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,930 shares of the basic materials company's stock after selling 1,955 shares during the period. BDF Gestion's holdings in Royal Gold were worth $3,189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Royal Gold during the 1st quarter worth $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Royal Gold during the 1st quarter worth $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold during the 1st quarter worth $34,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Gold during the 1st quarter worth $40,000. Finally, Bayforest Capital Ltd increased its holdings 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 buying an additional 177 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Canaccord Genuity Group raised their target price on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. TD Securities restated a "buy" rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Wall Street Zen upgraded Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Royal Gold currently has a consensus rating of "Moderate Buy" and an average price target of $198.63.

Royal Gold Stock Performance

Shares of RGLD stock traded down $0.15 during trading hours on Monday, hitting $191.52. 1,351,862 shares of the company were exchanged, compared to its average volume of 669,149. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $196.00. The business's 50-day simple moving average is $170.83 and its two-hundred day simple moving average is $171.81. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.52 and a beta of 0.43.

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

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 0.9%. Royal Gold's dividend payout ratio is 26.39%.

About Royal Gold

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.