Dakota Wealth Management Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

Dakota Wealth Management acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,960 shares of the basic materials company's stock, valued at approximately $484,000.

Other hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Royal Gold during the first quarter worth about $32,000. HM Payson & Co. grew its position in shares of Royal Gold by 4,545.5% during the 1st quarter. HM Payson & Co. now owns 511 shares of the basic materials company's stock worth $84,000 after buying an additional 500 shares during the period. Physician Wealth Advisors Inc. acquired a new stake in Royal Gold in the 4th quarter valued at $95,000. Farther Finance Advisors LLC lifted its stake in Royal Gold by 29.5% during the 1st quarter. Farther Finance Advisors LLC now owns 812 shares of the basic materials company's stock valued at $133,000 after acquiring an additional 185 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Royal Gold by 50.7% during 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 period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Performance

NASDAQ RGLD opened at $155.11 on Friday. Royal Gold, Inc. has a 52-week low of $125.69 and a 52-week high of $191.78. The stock has a market cap of $10.21 billion, a PE ratio of 25.68, a P/E/G ratio of 1.11 and a beta of 0.44. The firm has a 50-day moving average of $174.78 and a 200-day moving average of $161.94.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. The business had revenue of $193.44 million during 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%. Royal Gold's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. As a group, analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. Royal Gold's dividend payout ratio is currently 29.80%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Royal Bank Of Canada decreased their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James Financial boosted 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. Finally, BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Two 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, the company currently has an average rating of "Moderate Buy" and an average target price of $192.13.

About Royal Gold

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.

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