Campbell & CO Investment Adviser LLC Takes $4.21 Million Position in Royal Gold, Inc. $RGLD

Key Points

• Campbell & CO Investment Adviser LLC acquired a new stake in Royal Gold, Inc. worth approximately $4.21 million, consisting of 25,751 shares.
• Royal Gold reported quarterly earnings of $1.81 per share, surpassing analysts' expectations of $1.70, with a revenue of $209.64 million.
• The company announced a quarterly dividend of $0.45 per share, with a yield of 1.0%, scheduled for payment on October 17th.

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,751 shares of the basic materials company's stock, valued at approximately $4,211,000.

A number of other institutional investors have also recently bought and sold shares of RGLD. GAMMA Investing LLC boosted its position in Royal Gold by 17,722.4% during the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after acquiring an additional 454,934 shares during the period. Select Equity Group L.P. acquired a new stake in Royal Gold during the 4th quarter worth about $55,825,000. Nuveen LLC acquired a new stake in Royal Gold during the 1st quarter worth about $40,882,000. Victory Capital Management Inc. boosted its position in Royal Gold by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company's stock worth $67,886,000 after acquiring an additional 223,870 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new stake in Royal Gold during the 4th quarter worth about $27,536,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Trading Up 1.5%

NASDAQ RGLD opened at $177.44 on Friday. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $191.78. The company has a market capitalization of $11.68 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.30 and a beta of 0.40. The firm's fifty day simple moving average is $167.03 and its 200-day simple moving average is $166.67.

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. The firm had revenue of $209.64 million during the quarter, compared to analysts' expectations of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. Royal Gold's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. As a group, analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on RGLD shares. CIBC raised their price objective on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group upped their price target on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. TD Securities reaffirmed a "buy" rating and issued a $237.00 price target (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Royal Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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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