Cambridge Investment Research Advisors Inc. Increases Position in Royal Gold, Inc. (NASDAQ:RGLD)

Cambridge Investment Research Advisors Inc. lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 8.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,196 shares of the basic materials company's stock after buying an additional 2,015 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Royal Gold were worth $4,447,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new position in Royal Gold during the 4th quarter valued at about $42,000. Jones Financial Companies Lllp grew its holdings in Royal Gold by 390.7% during the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 293 shares during the last quarter. IFP Advisors Inc grew its holdings in Royal Gold by 66.7% during the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 158 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Royal Gold by 42.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 651 shares of the basic materials company's stock valued at $86,000 after purchasing an additional 194 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in Royal Gold during the 4th quarter valued at about $95,000. 83.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on RGLD. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. 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. CIBC upped their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Canaccord Genuity Group boosted their price objective on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Finally, Royal Bank Of Canada reduced their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Royal Gold currently has an average rating of "Moderate Buy" and a consensus price target of $192.13.

Royal Gold Stock Down 0.1%

Shares of RGLD stock traded down $0.22 on Tuesday, hitting $177.62. The stock had a trading volume of 369,109 shares, compared to its average volume of 439,325. Royal Gold, Inc. has a one year low of $125.00 and a one year high of $191.78. The business has a 50 day moving average price of $178.56 and a 200 day moving average price of $159.70. The company has a market cap of $11.69 billion, a PE ratio of 29.41, a P/E/G ratio of 1.29 and a beta of 0.44.

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 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $176.17 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company's quarterly revenue was up 29.9% compared to the same quarter last year. Equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is 29.80%.

Royal Gold 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.