Edgestream Partners L.P. acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,925 shares of the basic materials company's stock, valued at approximately $315,000.
Other large investors also recently made changes to their positions in the company. Capital World Investors increased its stake in Royal Gold by 0.4% in the fourth quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock valued at $1,156,842,000 after acquiring an additional 37,648 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Royal Gold by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock valued at $877,058,000 after acquiring an additional 89,298 shares during the period. Northern Trust Corp raised its position in shares of Royal Gold by 19.6% during the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock valued at $135,730,000 after buying an additional 168,569 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Royal Gold by 18.1% in the fourth quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock valued at $131,412,000 after acquiring an additional 152,599 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Royal Gold by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company's stock worth $115,735,000 after acquiring an additional 49,206 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Wall Street Zen raised shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Royal Bank Of Canada reduced their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. CIBC boosted their target price on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.13.
Check Out Our Latest Stock Report on Royal Gold
Royal Gold Stock Performance
RGLD traded up $0.61 during trading on Tuesday, hitting $158.09. The stock had a trading volume of 1,215,711 shares, compared to its average volume of 482,440. The firm has a market capitalization of $10.41 billion, a P/E ratio of 26.17, a PEG ratio of 1.10 and a beta of 0.44. The company's 50-day moving average price is $174.19 and its 200 day moving average price is $162.50. Royal Gold, Inc. has a twelve month low of $125.69 and a twelve month high of $191.78.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping 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%. The business's revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, equities analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.
Royal Gold Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were issued 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 1.14%. Royal Gold's dividend payout ratio (DPR) is currently 29.80%.
Royal Gold Company Profile
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Free Report)
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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