Copeland Capital Management LLC Raises Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Copeland Capital Management LLC lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 106,046.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 137,990 shares of the basic materials company's stock after purchasing an additional 137,860 shares during the period. Copeland Capital Management LLC owned about 0.21% of Royal Gold worth $22,563,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new position in shares of Royal Gold in the 1st quarter worth approximately $32,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Royal Gold in the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp increased its holdings in Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after acquiring an additional 293 shares in the last quarter. IFP Advisors Inc increased its holdings in Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after acquiring an additional 158 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in Royal Gold by 42.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 651 shares of the basic materials company's stock worth $86,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

Royal Gold Trading Down 2.5%

Royal Gold stock traded down $4.48 during midday trading on Friday, hitting $175.48. 711,114 shares of the stock were exchanged, compared to its average volume of 438,685. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 1.26 and a beta of 0.44. The stock's 50-day simple moving average is $178.79 and its 200 day simple moving average is $159.36. Royal Gold, Inc. has a fifty-two week low of $124.79 and a fifty-two week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.37 by $0.14. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The business had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. During the same quarter last year, the firm posted $0.91 earnings per share. The business's revenue for the quarter was up 29.9% compared to the same quarter last year. Equities analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.03%. Royal Gold's payout ratio is 29.80%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. CIBC increased their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Royal Bank Of Canada lowered their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lifted their target price on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Finally, Raymond James Financial lifted their price objective on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $192.13.

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.