1,884 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Bought by Global Assets Advisory LLC

Global Assets Advisory LLC acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,884 shares of the basic materials company's stock, valued at approximately $304,000.

A number of other hedge funds have also modified their holdings of RGLD. Kohmann Bosshard Financial Services LLC acquired a new position in Royal Gold during the fourth quarter valued at approximately $42,000. Jones Financial Companies Lllp boosted its position in Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 293 shares during the last quarter. IFP Advisors Inc boosted its position in Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 158 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Royal Gold by 42.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 651 shares of the basic materials company's stock valued at $86,000 after purchasing an additional 194 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in Royal Gold during the fourth quarter valued at approximately $95,000. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RGLD has been the subject of several recent research reports. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $166.00 to $189.00 in a research report on Monday, April 14th. CIBC raised their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank Of Canada cut their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Canaccord Genuity Group raised their price objective on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Finally, Raymond James Financial raised their price objective on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Royal Gold presently has an average rating of "Moderate Buy" and an average target price of $192.13.

Royal Gold Stock Performance

NASDAQ:RGLD traded down $4.48 during mid-day trading on Friday, hitting $175.48. 711,114 shares of the stock were exchanged, compared to its average volume of 438,685. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44. The firm's 50-day simple moving average is $178.79 and its 200 day simple moving average is $159.36. Royal Gold, Inc. has a fifty-two week low of $124.79 and a fifty-two week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The company had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. During the same quarter last year, the company posted $0.91 EPS. The company's revenue for the quarter was up 29.9% compared to the same quarter last year. On average, analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.03%. Royal Gold's dividend payout ratio is currently 29.80%.

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.