Euro Pacific Asset Management LLC Purchases 1,366 Shares of Royal Gold, Inc. $RGLD

Key Points

• Euro Pacific Asset Management LLC increased its holdings in Royal Gold, Inc. by 1.2%, acquiring an additional 1,366 shares, bringing its total to 116,135 shares.
• Royal Gold announced a quarterly dividend of $0.45 per share, representing an annualized yield of 0.9%, set to be paid on October 17th.
• Analysts have mixed views on Royal Gold, with Canaccord Genuity raising the price target to $203.00, while Zacks downgraded the stock from a "strong-buy" to a "hold" rating.

Euro Pacific Asset Management LLC increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,135 shares of the basic materials company's stock after acquiring an additional 1,366 shares during the period. Royal Gold comprises approximately 3.3% of Euro Pacific Asset Management LLC's holdings, making the stock its 12th largest holding. Euro Pacific Asset Management LLC owned approximately 0.18% of Royal Gold worth $20,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Autumn Glory Partners LLC acquired a new position in Royal Gold in the second quarter worth $587,000. QRG Capital Management Inc. lifted its position in Royal Gold by 13.3% during the 2nd quarter. QRG Capital Management Inc. now owns 4,214 shares of the basic materials company's stock worth $749,000 after buying an additional 496 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Royal Gold during the 2nd quarter worth about $428,000. Copeland Capital Management LLC grew its holdings in Royal Gold by 7.8% during the 2nd quarter. Copeland Capital Management LLC now owns 148,794 shares of the basic materials company's stock worth $26,462,000 after acquiring an additional 10,804 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in Royal Gold in the 2nd quarter valued at about $271,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Weiss Ratings restated a "buy (b)" rating on shares of Royal Gold in a research report on Saturday, September 27th. Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, TD Securities reiterated a "buy" rating and issued a $237.00 price objective (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $198.63.

Royal Gold Stock Up 0.7%

Shares of RGLD stock opened at $200.34 on Monday. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $203.18. The firm has a fifty day moving average of $178.69 and a 200-day moving average of $174.74. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.58 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.70 by $0.11. The business had revenue of $209.64 million for the quarter, compared to analysts' expectations of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm's revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. On average, equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 3rd. Royal Gold's dividend payout ratio is currently 26.39%.

About Royal Gold

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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