Central Valley Advisors LLC Invests $1.35 Million in Royal Gold, Inc. $RGLD

Key Points

• Central Valley Advisors LLC has made a new investment of $1.35 million in Royal Gold, purchasing 7,590 shares in the second quarter.
• The stock's price-to-earnings ratio stands at 27.95, with a market cap of $12.55 billion and a recent share price of $190.59.
• Royal Gold reported earnings of $1.81 per share for the last quarter, exceeding consensus estimates and reflecting a 20.4% year-over-year revenue increase.

Central Valley Advisors LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,590 shares of the basic materials company's stock, valued at approximately $1,350,000.

Several other hedge funds have also made changes to their positions in the stock. WPG Advisers LLC acquired a new stake in shares of Royal Gold in the first quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new position in Royal Gold in the 1st quarter valued at about $32,000. Banque Cantonale Vaudoise bought a new stake in Royal Gold in the 1st quarter valued at about $34,000. Bayforest Capital Ltd lifted its holdings in shares of Royal Gold by 256.5% during the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after acquiring an additional 177 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Royal Gold during the 1st quarter worth approximately $40,000. Institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RGLD shares. Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. TD Securities reaffirmed a "buy" rating and issued a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Canaccord Genuity Group upped their price objective on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Finally, Wall Street Zen raised shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $198.63.

Royal Gold Stock Performance

NASDAQ RGLD traded up $3.65 on Friday, reaching $191.67. The stock had a trading volume of 4,324,266 shares, compared to its average volume of 719,789. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $196.00. The business's 50-day moving average price is $170.83 and its 200 day moving average price is $171.66. The stock has a market cap of $12.62 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.43.

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 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.11. The company had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.Royal Gold's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share. On average, sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold's payout ratio is 26.39%.

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.