Deutsche Bank AG Has $26.24 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

Deutsche Bank AG increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 18.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,453 shares of the basic materials company's stock after purchasing an additional 24,913 shares during the quarter. Deutsche Bank AG owned 0.24% of Royal Gold worth $26,236,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Royal Gold during the first quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new position in shares of Royal Gold in the 1st quarter valued at $34,000. Bayforest Capital Ltd boosted its position in shares of Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 177 shares during the period. Larson Financial Group LLC boosted its position in Royal Gold by 77.0% during the 1st quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company's stock worth $72,000 after acquiring an additional 191 shares during the period. Finally, HM Payson & Co. boosted its position in 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 acquiring an additional 500 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Up 1.1%

NASDAQ RGLD traded up $1.84 during trading on Friday, hitting $171.45. The company's stock had a trading volume of 954,767 shares, compared to its average volume of 884,806. The firm has a 50 day moving average price of $167.55 and a 200 day moving average price of $165.42. The firm has a market cap of $11.29 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.20 and a beta of 0.40. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data 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 quarter last year, the firm earned $1.25 EPS. Royal Gold's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.0%. Royal Gold's payout ratio is currently 26.39%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RGLD. TD Securities restated a "buy" rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Wall Street Zen downgraded Royal Gold from a "buy" rating to a "hold" rating in a research note on Saturday. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group raised their price target on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Finally, CIBC raised their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Royal Gold has an average rating of "Moderate Buy" and an average target price of $198.63.

Royal Gold Company 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.