Deutsche Bank AG Invests $69.33 Million in Royal Gold, Inc. $RGLD

Key Points

• Deutsche Bank acquired 347,302 Royal Gold shares valued at approximately $69.3 million, giving it a 0.41% stake. Institutional investors collectively own 83.65% of the company.
• Royal Gold exceeded quarterly expectations, reporting $2.56 in earnings per share and $468.98 million in revenue, with revenue up 114.9% year over year.
• The company declared a quarterly dividend of $0.475 per share, equivalent to $1.90 annually and a 0.8% yield. Analysts maintain a consensus “Hold” rating with a target price of $285.10.

Deutsche Bank AG acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 347,302 shares of the basic materials company's stock, valued at approximately $69,325,000. Deutsche Bank AG owned approximately 0.41% of Royal Gold as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company's stock worth $1,867,001,000 after acquiring an additional 1,681,577 shares in the last quarter. Capital International Investors bought a new position in shares of Royal Gold during the 4th quarter valued at about $332,026,000. Van ECK Associates Corp grew its position in shares of Royal Gold by 18.1% in the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company's stock valued at $1,311,607,000 after purchasing an additional 905,488 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Royal Gold by 89.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company's stock valued at $412,543,000 after purchasing an additional 874,329 shares during the period. Finally, Nuveen LLC increased its stake in Royal Gold by 457.5% during the 4th quarter. Nuveen LLC now owns 925,906 shares of the basic materials company's stock worth $205,820,000 after purchasing an additional 759,810 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the transaction, the senior vice president directly owned 8,582 shares in the company, valued at $1,852,424.70. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Royal Gold Price Performance

NASDAQ RGLD opened at $252.36 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.92 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 $21.38 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.87 and a beta of 0.44. The firm's 50 day moving average is $209.14 and its 200-day moving average is $236.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.01. The business had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm's revenue for the quarter was up 114.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 earnings per share. Equities research analysts anticipate that Royal Gold, Inc. will post 10.33 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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 given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold's payout ratio is 20.74%.

Wall Street Analyst Weigh In

Several brokerages have commented on RGLD. Weiss Ratings downgraded shares of Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. Scotiabank reiterated a "sector perform" rating and issued a $310.00 price target on shares of Royal Gold in a report on Tuesday, July 14th. Royal Bank Of Canada lowered their price objective on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group cut their price objective on shares of Royal Gold from $318.00 to $311.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Finally, Zacks Research lowered shares of Royal Gold from a "hold" rating to a "strong sell" rating in a research note on Friday, July 31st. 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 MarketBeat.com, Royal Gold presently has a consensus rating of "Hold" and a consensus 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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