Focus Partners Advisor Solutions LLC Acquires New Shares in Royal Gold, Inc. $RGLD

Key Points

• Focus Partners Advisor Solutions acquired 4,753 Royal Gold shares worth approximately $949,000 during the second quarter. Institutional investors collectively own 83.65% of RGLD, with several major firms increasing their stakes.
• Royal Gold reported quarterly EPS of $2.56, slightly exceeding estimates, while revenue reached $468.98 million, up 114.9% year over year. The company also maintains a quarterly dividend of $0.475 per share, equivalent to a 0.8% yield.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $285.10, compared with a recent share price of $230.68.

Focus Partners Advisor Solutions LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,753 shares of the basic materials company's stock, valued at approximately $949,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RGLD. Capital World Investors grew its position in Royal Gold by 7.5% in the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company's stock worth $2,163,732,000 after acquiring an additional 678,732 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Royal Gold by 25.0% during the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company's stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Royal Gold by 18.1% during the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company's stock worth $1,311,607,000 after purchasing an additional 905,488 shares during the last quarter. State Street Corp raised its holdings in shares of Royal Gold by 11.9% during the 4th quarter. State Street Corp now owns 3,718,646 shares of the basic materials company's stock valued at $826,618,000 after purchasing an additional 396,778 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Royal Gold by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company's stock valued at $434,063,000 after purchasing an additional 78,344 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Price Performance

NASDAQ RGLD opened at $230.68 on Monday. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $206.03 and a 200 day simple moving average of $237.73. The company has a market cap of $19.55 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.74 and a beta of 0.44. Royal Gold, Inc. has a 1 year low of $166.51 and a 1 year high of $306.25.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business's quarterly revenue was up 114.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. On average, sell-side analysts predict that Royal Gold, Inc. will post 10.33 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 2nd. Royal Gold's dividend payout ratio (DPR) is currently 20.74%.

Analysts Set New Price Targets

RGLD has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price objective on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Weiss Ratings lowered Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. UBS Group boosted their price target on Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Jefferies Financial Group decreased their price target on Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Finally, Zacks Research lowered Royal Gold from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $285.10.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the transaction, the senior vice president owned 8,582 shares of the company's stock, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company's stock.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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