Corient Private Wealth LP Purchases Shares of 7,307 Royal Gold, Inc. $RGLD

Key Points

• Corient Private Wealth initiated a position in Royal Gold by purchasing 7,307 shares worth approximately $1.46 million. Institutional investors and hedge funds collectively own 83.65% of the company.
• Royal Gold reported quarterly EPS of $2.56, slightly exceeding estimates, while revenue reached $468.98 million—up 114.9% year over year. The company also declared a quarterly dividend of $0.475 per share, yielding approximately 0.7%.
• Analyst sentiment is mixed, with seven Buy, three Hold, and two Sell ratings; the consensus rating is Hold, with an average price target of $285.10 versus the reported share price of $264.85.

Corient Private Wealth LP purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,307 shares of the basic materials company's stock, valued at approximately $1,458,000.

A number of other institutional investors and hedge funds have also modified their holdings of RGLD. Goldman Sachs Group Inc. lifted its position in Royal Gold by 99.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company's stock worth $27,608,000 after acquiring an additional 84,206 shares during the last quarter. Focus Partners Wealth grew its position in shares of Royal Gold by 51.5% in the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company's stock valued at $1,384,000 after purchasing an additional 2,876 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Royal Gold by 28.9% in the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company's stock worth $631,000 after purchasing an additional 796 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Royal Gold by 43.0% in the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company's stock worth $33,478,000 after purchasing an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Royal Gold by 4.6% in the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company's stock worth $4,366,000 after purchasing an additional 1,072 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of RGLD stock opened at $264.85 on Friday. The stock has a 50 day moving average of $219.27 and a two-hundred day moving average of $235.81. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. Royal Gold, Inc. has a 12 month low of $168.88 and a 12 month high of $306.25. The company has a market capitalization of $22.44 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.94 and a beta of 0.50.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.01. The business had revenue of $468.98 million for the quarter, compared to analysts' expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.Royal Gold's quarterly revenue was up 114.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.81 earnings per share. As a group, equities analysts expect that Royal Gold, Inc. will post 10.26 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold's payout ratio is currently 20.74%.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the sale, the senior vice president owned 8,082 shares of the company's stock, valued at $2,123,949.60. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RGLD. UBS Group increased their target price on Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Jefferies Financial Group dropped their price target on Royal Gold from $318.00 to $311.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Royal Bank Of Canada cut their price target on Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Zacks Research cut Royal Gold from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Finally, Scotiabank restated a "sector perform" rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $285.10.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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