Hussman Strategic Advisors Inc. Increases Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Hussman Strategic Advisors Inc. boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 600.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,850 shares of the basic materials company's stock after acquiring an additional 15,300 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Royal Gold were worth $2,919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RGLD. PFG Investments LLC raised its holdings in Royal Gold by 0.9% in the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock valued at $971,000 after acquiring an additional 54 shares during the last quarter. BCS Wealth Management lifted its holdings in Royal Gold by 0.3% in the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock worth $3,385,000 after acquiring an additional 63 shares during the last quarter. GoalVest Advisory LLC increased its stake in shares of Royal Gold by 5.2% in the first quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock valued at $246,000 after purchasing an additional 75 shares during the period. Bessemer Group Inc. increased its stake in shares of Royal Gold by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after purchasing an additional 94 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Royal Gold by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,471 shares of the basic materials company's stock valued at $2,203,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Stock Up 0.0%

Shares of NASDAQ:RGLD traded up $0.01 during trading on Friday, reaching $155.12. 64,290 shares of the company traded hands, compared to its average volume of 473,790. The firm has a market cap of $10.21 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.11 and a beta of 0.44. The firm has a fifty day simple moving average of $174.78 and a 200 day simple moving average of $161.94. Royal Gold, Inc. has a 1-year low of $125.69 and a 1-year high of $191.78.

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

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. Royal Gold's payout ratio is 29.80%.

Analysts Set New Price Targets

A number of research firms recently commented on RGLD. Royal Bank Of Canada lowered their price objective on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Canaccord Genuity Group raised their target price on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Finally, Raymond James Financial raised their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.13.

Royal Gold 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.

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