D.A. Davidson & CO. Takes $509,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

D.A. Davidson & CO. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,112 shares of the basic materials company's stock, valued at approximately $509,000.

A number of other institutional investors have also added to or reduced their stakes in the company. PFG Investments LLC grew its position in Royal Gold by 0.9% during the first quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock worth $971,000 after buying an additional 54 shares in the last quarter. BCS Wealth Management grew its position in Royal Gold by 0.3% during the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock worth $3,385,000 after buying an additional 63 shares in the last quarter. GoalVest Advisory LLC grew its position in Royal Gold by 5.2% during the first quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock worth $246,000 after buying an additional 75 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Royal Gold by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after acquiring an additional 94 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Royal Gold by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,471 shares of the basic materials company's stock valued at $2,203,000 after acquiring an additional 100 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. 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. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. Royal Bank Of Canada dropped their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Finally, Wall Street Zen raised shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.13.

Royal Gold Price Performance

NASDAQ RGLD traded up $0.17 on Friday, hitting $159.96. 1,133,308 shares of the stock were exchanged, compared to its average volume of 463,622. The business's fifty day moving average is $176.67 and its 200 day moving average is $161.46. Royal Gold, Inc. has a 52 week low of $125.69 and a 52 week high of $191.78. The company has a market capitalization of $10.53 billion, a PE ratio of 26.48, a P/E/G ratio of 1.14 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.14. The company had revenue of $193.44 million for 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 company's revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. Analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.13%. Royal Gold's payout ratio is 29.80%.

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.