Findlay Park Partners LLP Has $202.92 Million Position in Royal Gold, Inc. $RGLD

Key Points

• Findlay Park Partners LLP increased its stake in Royal Gold, Inc. by 1.4%, owning over 1.24 million shares valued at approximately $202.9 million, which represents about 2.1% of its investment portfolio.
• Royal Gold reported earnings of $1.81 per share, exceeding analyst expectations by $0.11, and a revenue of $209.64 million, which is a 20.4% increase compared to the same quarter last year.
• The company announced a quarterly dividend of $0.45 per share, which will be distributed on October 17th, indicating a 1.0% yield and a payout ratio of 26.39%.

Findlay Park Partners LLP grew its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,241,030 shares of the basic materials company's stock after acquiring an additional 16,600 shares during the period. Royal Gold accounts for 2.1% of Findlay Park Partners LLP's investment portfolio, making the stock its 17th biggest holding. Findlay Park Partners LLP owned 1.89% of Royal Gold worth $202,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Alpine Bank Wealth Management purchased a new position in shares of Royal Gold during the 1st quarter valued at $32,000. Banque Cantonale Vaudoise purchased a new position in shares of Royal Gold during the 1st quarter valued at $34,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Royal Gold during the 1st quarter valued at $40,000. Bayforest Capital Ltd grew its holdings in shares of Royal Gold by 256.5% during the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Royal Gold by 961.5% in the first quarter. Brooklyn Investment Group now owns 276 shares of the basic materials company's stock worth $45,000 after purchasing an additional 250 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Down 0.5%

NASDAQ RGLD traded down $0.94 during midday trading on Thursday, hitting $176.03. The company had a trading volume of 475,371 shares, compared to its average volume of 830,348. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 1.29 and a beta of 0.40. The firm has a fifty day simple moving average of $166.78 and a two-hundred day simple moving average of $167.37. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.11. The company had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The business's quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. As a group, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently announced 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 1.0%. The ex-dividend date is Friday, October 3rd. Royal Gold's payout ratio is 26.39%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Royal Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. CIBC upped their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Canaccord Genuity Group upped their price objective on shares of Royal Gold from $202.00 to $203.00 in a report 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. According to MarketBeat, Royal Gold presently has an average rating of "Moderate Buy" and a consensus target price of $198.63.

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.