Focus Partners Advisor Solutions LLC Invests $961,000 in Royal Gold, Inc. $RGLD

Key Points

• Focus Partners Advisor Solutions LLC purchased 5,877 shares of Royal Gold, Inc. for approximately $961,000 during the first quarter of the year.
• Royal Gold reported $1.81 earnings per share, exceeding analysts' projections, with a 20.4% year-over-year revenue increase during the last quarter.
• The company announced a quarterly dividend of $0.45 per share, with an expected annual yield of 1.0%, set to be paid on October 17th.

Focus Partners Advisor Solutions LLC acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,877 shares of the basic materials company's stock, valued at approximately $961,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Oxbow Advisors LLC lifted its position 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 worth $19,112,000 after purchasing an additional 2,039 shares during the period. Kaufman Rossin Wealth LLC purchased a new position in shares of Royal Gold during the 1st quarter valued at about $278,000. Cambridge Investment Research Advisors Inc. increased its stake in 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 worth $4,447,000 after acquiring an additional 2,015 shares during the last quarter. QRG Capital Management Inc. grew its position in 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 during the last quarter. Finally, City Center Advisors LLC acquired a new position in Royal Gold during the 1st quarter valued at about $324,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

Royal Gold stock traded up $1.57 during mid-day trading on Monday, hitting $186.43. The company's stock had a trading volume of 765,342 shares, compared to its average volume of 635,945. The company has a market cap of $12.27 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.35 and a beta of 0.43. The firm's 50 day moving average is $167.09 and its 200 day moving average is $169.00. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. During the same quarter in the previous year, the company posted $1.25 EPS. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 1.0%. Royal Gold's dividend payout ratio is presently 26.39%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RGLD. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. TD Securities reissued a "buy" rating and set a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Canaccord Genuity Group lifted their price objective on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Wall Street Zen upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Zacks Research cut Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Royal Gold currently has an average rating of "Moderate Buy" and an average price target 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.