Cetera Investment Advisers Has $1.25 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Cetera Investment Advisers increased its stake in Royal Gold, Inc. by 178.4%, holding a total of 7,666 shares valued at approximately $1.25 million as of the end of the last quarter.
• Royal Gold received multiple analyst upgrades, with TD Securities raising their target price from $229.00 to $237.00 and maintaining a "buy" rating.
• The company announced a quarterly dividend of $0.45 per share, representing an annual yield of 1.1%, with a payout ratio of 26.39%.

Cetera Investment Advisers lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 178.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,666 shares of the basic materials company's stock after purchasing an additional 4,912 shares during the period. Cetera Investment Advisers' holdings in Royal Gold were worth $1,254,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RGLD. Alpine Bank Wealth Management acquired a new position in shares of Royal Gold in the 1st quarter worth approximately $32,000. Larson Financial Group LLC grew its stake in shares of Royal Gold by 77.0% in the 1st quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company's stock worth $72,000 after purchasing an additional 191 shares during the last quarter. HM Payson & Co. grew its stake in shares of Royal Gold by 4,545.5% in the 1st quarter. HM Payson & Co. now owns 511 shares of the basic materials company's stock worth $84,000 after purchasing an additional 500 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Royal Gold by 29.5% in the 1st quarter. Farther Finance Advisors LLC now owns 812 shares of the basic materials company's stock worth $133,000 after purchasing an additional 185 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Royal Gold by 50.7% in the 1st quarter. Fifth Third Bancorp now owns 871 shares of the basic materials company's stock worth $142,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Wall Street Analyst Weigh In

RGLD has been the topic of several analyst reports. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. TD Securities reissued a "buy" rating and issued a $237.00 target price (up from $229.00) on shares of Royal Gold in a research report on Friday. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of Royal Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, CIBC lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.63.

Royal Gold Trading Up 1.0%

NASDAQ RGLD traded up $1.74 during trading on Tuesday, reaching $172.34. The company's stock had a trading volume of 611,185 shares, compared to its average volume of 923,236. The stock has a market capitalization of $11.35 billion, a PE ratio of 25.27, a PEG ratio of 1.21 and a beta of 0.40. The business has a 50-day moving average price of $168.16 and a 200-day moving average price of $164.93. Royal Gold, Inc. has a 1-year low of $130.24 and a 1-year high of $191.78.

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 for the quarter, topping analysts' consensus estimates of $1.70 by $0.11. The business 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 previous year, the company earned $1.25 earnings per share. As a group, analysts expect 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 was paid on Thursday, July 17th. Investors of record on Thursday, July 3rd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, July 3rd. Royal Gold's dividend payout ratio is presently 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.