Greenline Partners LLC Has $839,000 Stock Holdings in Royal Gold, Inc. $RGLD

Key Points

• Greenline Partners LLC increased its stake in Royal Gold, Inc. by 169.5%, holding shares worth $839,000 as of the latest SEC filing.
• Royal Gold announced a quarterly dividend of $0.45 per share, with an annualized yield of 1.0%, payable on October 17th.
• The company reported earnings of $1.81 per share for the latest quarter, surpassing analyst estimates of $1.70, and achieved a revenue of $209.64 million.

Greenline Partners LLC lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 169.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,134 shares of the basic materials company's stock after purchasing an additional 3,229 shares during the quarter. Greenline Partners LLC's holdings in Royal Gold were worth $839,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of Royal Gold during the 1st quarter worth $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Royal Gold during the 1st quarter worth $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold during the 1st quarter worth $34,000. 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 worth $40,000 after purchasing an additional 177 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Gold during the 1st quarter worth $40,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RGLD. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded Royal Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. TD Securities reiterated a "buy" rating and issued a $237.00 target price (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Finally, CIBC increased their target price on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Gold presently has an average rating of "Moderate Buy" and a consensus target price of $198.63.

Royal Gold Price Performance

Shares of RGLD opened at $180.91 on Thursday. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $191.78. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.43. The business has a 50-day moving average of $166.90 and a 200-day moving average of $168.27.

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, topping analysts' consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. During the same period last year, the company earned $1.25 earnings per share. The firm's revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 1.0%. Royal Gold's dividend payout ratio (DPR) is currently 26.39%.

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.

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