Caisse DE Depot ET Placement DU Quebec Has $8.20 Million Stock Position in Royal Gold, Inc. $RGLD

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Royal Gold, Inc. by 9.8%, holding 50,136 shares worth approximately $8.20 million as of the latest SEC filing.
• Royal Gold reported a quarterly EPS of $1.81, exceeding analysts' estimates by $0.11, and showcased a year-over-year revenue increase of 20.4%.
• The company announced a quarterly dividend of $0.45 per share, representing an annualized yield of 1.0%, with payment scheduled for October 17th, 2023.

Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 9.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,136 shares of the basic materials company's stock after purchasing an additional 4,460 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Royal Gold worth $8,198,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RGLD. MGO One Seven LLC acquired a new stake in shares of Royal Gold during the 4th quarter worth $223,000. Integrated Wealth Concepts LLC grew its holdings in shares of Royal Gold by 5.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 6,505 shares of the basic materials company's stock worth $858,000 after purchasing an additional 333 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Royal Gold by 21.6% during the 4th quarter. Voya Investment Management LLC now owns 42,666 shares of the basic materials company's stock worth $5,626,000 after purchasing an additional 7,575 shares in the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Royal Gold by 27.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 28,913 shares of the basic materials company's stock worth $3,812,000 after purchasing an additional 6,203 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Royal Gold by 19.6% during the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after purchasing an additional 168,569 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Down 0.5%

Shares of RGLD stock opened at $176.97 on Thursday. The business's 50-day moving average price is $166.84 and its 200-day moving average price is $167.17. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $191.78. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.30 and a beta of 0.40.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) 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 company had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. During the same period last year, the company earned $1.25 earnings per share. The firm's revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Securities reaffirmed a "buy" rating and issued a $237.00 price objective (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Canaccord Genuity Group raised their price objective on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Wall Street Zen lowered Royal Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Finally, CIBC raised their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the 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.

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.

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