Curi RMB Capital LLC Has $12.11 Million Stake in Royal Gold, Inc. $RGLD

Key Points

• Curi RMB Capital LLC increased its stake in Royal Gold, Inc. by 2.7% during Q1, owning 74,049 shares valued at $12.1 million.
• Royal Gold reported $1.81 EPS for the quarter, exceeding analysts' expectations of $1.70, with a revenue increase of 20.4% year-over-year.
• The company announced a quarterly dividend of $0.45 per share, yielding 1.0%, with an ex-dividend date of October 3rd.

Curi RMB Capital LLC raised its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,049 shares of the basic materials company's stock after buying an additional 1,915 shares during the period. Curi RMB Capital LLC owned approximately 0.11% of Royal Gold worth $12,108,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. WPG Advisers LLC purchased a new stake in shares of Royal Gold during the first quarter valued at $27,000. Alpine Bank Wealth Management purchased a new position in Royal Gold in the 1st quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new stake in Royal Gold during the 1st quarter worth about $34,000. Bayforest Capital Ltd raised its holdings in 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 buying an additional 177 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Royal Gold during the first quarter valued at about $40,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

RGLD traded up $1.57 during trading on Monday, reaching $186.43. 784,656 shares of the stock traded hands, compared to its average volume of 637,190. The stock's 50-day simple moving average is $167.09 and its two-hundred day simple moving average is $169.00. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $191.78. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.35 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same period in the prior year, the firm posted $1.25 EPS. The business's revenue was up 20.4% compared to the same quarter last year. Research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 3rd. Royal Gold's dividend payout ratio (DPR) is presently 26.39%.

Analysts Set New Price Targets

RGLD has been the topic of several analyst reports. 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, August 8th. Zacks Research lowered shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Canaccord Genuity Group boosted their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, BMO Capital Markets set a $197.00 price target on Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $198.63.

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.