Dimensional Fund Advisors LP Acquires 55,685 Shares of Royal Gold, Inc. $RGLD

Key Points

• Dimensional Fund Advisors LP has increased its stake in Royal Gold, Inc. by 6.3%, owning about 933,488 shares valued at approximately $152.63 million.
• Royal Gold reported a 20.4% increase in revenue year-over-year, with earnings per share of $1.81 for the last quarter, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.45 per share, with an annualized yield of 1.1%, set to be paid on October 17th.

Dimensional Fund Advisors LP raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 933,488 shares of the basic materials company's stock after buying an additional 55,685 shares during the quarter. Dimensional Fund Advisors LP owned about 1.42% of Royal Gold worth $152,628,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new position in Royal Gold during the first quarter worth about $32,000. Banque Cantonale Vaudoise purchased a new position in Royal Gold during the first quarter worth about $34,000. Bayforest Capital Ltd grew its position in Royal Gold by 256.5% during the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after buying an additional 177 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Royal Gold during the first quarter worth about $40,000. Finally, Larson Financial Group LLC grew its position in Royal Gold by 77.0% during the first quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company's stock worth $72,000 after buying an additional 191 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. TD Securities restated a "buy" rating and set 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 Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. CIBC lifted their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. 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. Finally, Canaccord Genuity Group lifted their price target on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.63.

Royal Gold Stock Up 1.5%

Shares of NASDAQ RGLD traded up $2.69 during midday trading on Friday, reaching $177.44. The company had a trading volume of 635,382 shares, compared to its average volume of 858,152. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $191.78. The firm's fifty day moving average price is $167.03 and its 200-day moving average price is $166.67. The stock has a market cap of $11.68 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.30 and a beta of 0.40.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $186.63 million. During the same quarter in the previous year, the company posted $1.25 EPS. Royal Gold's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

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

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.