DSG Capital Advisors LLC Makes New $824,000 Investment in Royal Gold, Inc. (NASDAQ:RGLD)

DSG Capital Advisors LLC bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,037 shares of the basic materials company's stock, valued at approximately $824,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avidian Wealth Enterprises LLC purchased a new stake in Royal Gold during the first quarter valued at about $366,000. Almanack Investment Partners LLC. bought a new position in Royal Gold during the 1st quarter valued at approximately $229,000. Allspring Global Investments Holdings LLC lifted its stake in Royal Gold by 16.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 137,366 shares of the basic materials company's stock worth $22,564,000 after acquiring an additional 19,580 shares during the period. Copeland Capital Management LLC boosted its stake in shares of Royal Gold by 106,046.2% during the 1st quarter. Copeland Capital Management LLC now owns 137,990 shares of the basic materials company's stock valued at $22,563,000 after purchasing an additional 137,860 shares in the last quarter. Finally, Diversified Trust Co boosted its position in Royal Gold by 5.6% during the 1st quarter. Diversified Trust Co now owns 2,110 shares of the basic materials company's stock valued at $345,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Price Performance

Shares of NASDAQ RGLD traded up $1.68 during mid-day trading on Wednesday, hitting $179.30. 421,891 shares of the company's stock traded hands, compared to its average volume of 439,786. The company has a market capitalization of $11.80 billion, a P/E ratio of 29.69, a PEG ratio of 1.29 and a beta of 0.44. Royal Gold, Inc. has a 1 year low of $125.69 and a 1 year high of $191.78. The company's 50-day moving average is $178.53 and its two-hundred day moving average is $159.83.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results 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. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The business had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business's revenue for the quarter was up 29.9% on a year-over-year basis. Equities analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.00%. Royal Gold's payout ratio is 29.80%.

Analyst Ratings Changes

RGLD has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their target price 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. CIBC increased their target price on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Canaccord Genuity Group raised their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Finally, Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.13.

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.