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 acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 25,751 shares of the basic materials company's stock, valued at approximately $4,211,000.

A number of other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Royal Gold by 17,722.4% during the first quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after buying an additional 454,934 shares in the last quarter. Select Equity Group L.P. acquired a new stake in shares of Royal Gold during the fourth quarter worth approximately $55,825,000. Nuveen LLC acquired a new stake in shares of Royal Gold during the first quarter worth approximately $40,882,000. Victory Capital Management Inc. grew its position in shares of Royal Gold by 117.0% during the first quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company's stock worth $67,886,000 after buying an additional 223,870 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Royal Gold during the fourth quarter worth approximately $27,536,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. CIBC raised their price target on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Zacks Research downgraded shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. TD Securities reissued a "buy" rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 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 report on Thursday, May 22nd. Finally, Canaccord Genuity Group raised their price target on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Gold presently has an average rating of "Moderate Buy" and a consensus price target of $198.63.

Royal Gold Trading Up 2.0%

Royal Gold stock traded up $3.58 during mid-day trading on Friday, reaching $179.61. The company's stock had a trading volume of 154,059 shares, compared to its average volume of 628,042. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.29 and a beta of 0.40. The business has a 50 day moving average price of $166.78 and a 200-day moving average price of $167.37. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $191.78.

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 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 the consensus estimate of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. On average, equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

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

Royal Gold Company 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.