Invesco Ltd. Raises Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Invesco Ltd. boosted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 776,840 shares of the basic materials company's stock after buying an additional 17,649 shares during the period. Invesco Ltd. owned approximately 1.18% of Royal Gold worth $127,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in Royal Gold in the first quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new stake in Royal Gold in the 1st quarter worth approximately $34,000. Bayforest Capital Ltd boosted its position in Royal Gold by 256.5% in 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. Larson Financial Group LLC boosted its position in Royal Gold by 77.0% in the 1st quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company's stock worth $72,000 after purchasing an additional 191 shares in the last quarter. Finally, HM Payson & Co. boosted its position in Royal Gold by 4,545.5% in the 1st quarter. HM Payson & Co. now owns 511 shares of the basic materials company's stock worth $84,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $169.61 on Friday. Royal Gold, Inc. has a 1 year low of $130.56 and a 1 year high of $191.78. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40. The business's 50 day moving average price is $167.64 and its 200-day moving average price is $165.20.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same quarter last year, the firm posted $1.25 EPS. The business's revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 3rd were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 3rd. Royal Gold's dividend payout ratio is currently 26.39%.

Analyst Upgrades and Downgrades

Several research firms have commented 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. CIBC upped their price objective on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Canaccord Genuity Group upped their price objective on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. TD Securities restated a "buy" rating and issued a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Finally, Wall Street Zen lowered Royal Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Gold has a consensus rating of "Moderate Buy" and an average price target of $198.63.

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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