Cerity Partners LLC boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 44.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,577 shares of the basic materials company's stock after purchasing an additional 14,698 shares during the quarter. Cerity Partners LLC owned approximately 0.07% of Royal Gold worth $7,779,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Royal Gold by 17,722.4% in the first quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock valued at $74,806,000 after purchasing an additional 454,934 shares during the last quarter. Select Equity Group L.P. bought a new position in Royal Gold during the 4th quarter valued at $55,825,000. Norges Bank bought a new stake in shares of Royal Gold during the 4th quarter worth $44,009,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Royal Gold during the 4th quarter worth $27,536,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Royal Gold by 181.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock worth $39,846,000 after buying an additional 194,905 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.
Royal Gold Trading Down 1.9%
Shares of NASDAQ:RGLD traded down $3.00 during midday trading on Thursday, reaching $154.68. 552,187 shares of the company were exchanged, compared to its average volume of 472,254. Royal Gold, Inc. has a one year low of $125.69 and a one year high of $191.78. The business's fifty day moving average is $175.25 and its two-hundred day moving average is $161.78. The stock has a market cap of $10.18 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.12 and a beta of 0.44.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. The company had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The firm's revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.
Royal Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is 29.80%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Raymond James Financial increased their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Finally, CIBC lifted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $192.13.
Check Out Our Latest Research Report on RGLD
About Royal Gold
(
Free Report)
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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