Capital Investment Advisors LLC Buys Shares of 1,562 Royal Gold, Inc. $RGLD

Key Points

• Capital Investment Advisors LLC acquired 1,562 shares of Royal Gold, Inc., valued at approximately $278,000, during the second quarter, contributing to institutional investors owning 83.65% of the company's stock.
• Royal Gold has received positive ratings from several analysts, with TD Securities raising its price target to $237.00 and a consensus rating of "Moderate Buy" among research analysts.
• The company reported a 20.4% year-over-year increase in revenue, reaching $209.64 million, and declared a quarterly dividend of $0.45 per share, reflecting a 0.9% yield.

Capital Investment Advisors LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,562 shares of the basic materials company's stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. PFG Investments LLC increased its stake in shares of Royal Gold by 0.9% during the first quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock valued at $971,000 after purchasing an additional 54 shares in the last quarter. BCS Wealth Management increased its stake in shares of Royal Gold by 0.3% during the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after purchasing an additional 63 shares in the last quarter. NorthRock Partners LLC grew its holdings in shares of Royal Gold by 4.5% during the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company's stock valued at $259,000 after buying an additional 68 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Royal Gold by 7.5% during the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company's stock valued at $189,000 after buying an additional 74 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Royal Gold by 0.5% during the first quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company's stock valued at $2,705,000 after buying an additional 78 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RGLD. TD Securities reiterated a "buy" rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Canaccord Genuity Group increased their price target on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Royal Gold in a report on Saturday, September 27th. Finally, Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $198.63.

Royal Gold Trading Up 0.7%

NASDAQ:RGLD opened at $200.34 on Friday. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $203.18. The company has a market cap of $13.19 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.41. The company has a 50 day simple moving average of $178.69 and a two-hundred day simple moving average of $174.47.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results 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. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The business had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm's revenue was up 20.4% on a year-over-year basis. Research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

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

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