Financiere des Professionnels Fonds d investissement inc. Invests $315,000 in Royal Gold, Inc. $RGLD

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Royal Gold, Inc., purchasing 1,771 shares valued at approximately $315,000 during the 2nd quarter.
• Several large investors have increased their positions in Royal Gold, with hedge funds and institutional investors owning 83.65% of the company's stock.
• Royal Gold recently declared a quarterly dividend of $0.45 per share, representing an annualized yield of 1.0% with an upcoming payment date on October 17th.

Financiere des Professionnels Fonds d investissement inc. bought a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,771 shares of the basic materials company's stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oxbow Advisors LLC raised its holdings in shares of Royal Gold by 1.8% in the 1st quarter. Oxbow Advisors LLC now owns 116,887 shares of the basic materials company's stock valued at $19,112,000 after acquiring an additional 2,039 shares in the last quarter. Kaufman Rossin Wealth LLC purchased a new stake in shares of Royal Gold in the 1st quarter valued at about $278,000. Swedbank AB raised its holdings in shares of Royal Gold by 75.1% in the 1st quarter. Swedbank AB now owns 207,155 shares of the basic materials company's stock valued at $33,872,000 after acquiring an additional 88,828 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Royal Gold by 8.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,196 shares of the basic materials company's stock valued at $4,447,000 after acquiring an additional 2,015 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Royal Gold by 38.1% in the 1st quarter. QRG Capital Management Inc. now owns 3,718 shares of the basic materials company's stock valued at $608,000 after acquiring an additional 1,025 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Price Performance

NASDAQ RGLD traded up $3.65 during trading hours on Friday, reaching $191.67. 4,324,266 shares of the company's stock traded hands, compared to its average volume of 719,789. The firm has a 50-day simple moving average of $170.83 and a 200 day simple moving average of $171.66. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $196.00. The firm has a market cap of $12.62 billion, a PE ratio of 28.10, a PEG ratio of 1.52 and a beta of 0.43.

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 EPS for the quarter, topping the consensus estimate of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business had revenue of $209.64 million for the quarter, compared to the consensus estimate of $186.63 million. During the same period in the previous year, the company posted $1.25 earnings per share. The company's revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.45 dividend. 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 0.9%. Royal Gold's dividend payout ratio is currently 26.39%.

Wall Street Analyst Weigh In

Several analysts have weighed in on RGLD shares. Zacks Research cut Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Canaccord Genuity Group raised their price objective on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Finally, TD Securities reissued a "buy" rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $198.63.

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.