Jupiter Topco LLC Takes $7.54 Million Position in Royal Gold, Inc. $RGLD

Key Points

• Jupiter Topco LLC acquired 37,767 Royal Gold shares in the second quarter, valued at approximately $7.54 million. Institutional investors collectively own 83.65% of the company.
• Royal Gold reported quarterly EPS of $2.56, slightly exceeding estimates, while revenue rose 114.9% year over year to $468.98 million. Shares opened at $262.85, with a market capitalization of about $22.27 billion.
• The company declared a quarterly dividend of $0.475, equivalent to $1.90 annually and a 0.7% yield. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $285.10.

Jupiter Topco LLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 37,767 shares of the basic materials company's stock, valued at approximately $7,541,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGLD. BlackRock Inc. acquired a new position in Royal Gold in the 2nd quarter worth $2,177,865,000. Capital International Investors acquired a new stake in shares of Royal Gold during the fourth quarter valued at about $332,026,000. Van ECK Associates Corp increased its position in shares of Royal Gold by 18.1% during the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company's stock worth $1,311,607,000 after acquiring an additional 905,488 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Royal Gold by 89.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company's stock worth $412,543,000 after acquiring an additional 874,329 shares during the last quarter. Finally, Nuveen LLC lifted its stake in shares of Royal Gold by 457.5% in the fourth quarter. Nuveen LLC now owns 925,906 shares of the basic materials company's stock worth $205,820,000 after acquiring an additional 759,810 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Stock Performance

Shares of RGLD stock opened at $262.85 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. Royal Gold, Inc. has a one year low of $168.88 and a one year high of $306.25. The company's 50-day simple moving average is $215.06 and its 200-day simple moving average is $236.44. The stock has a market capitalization of $22.27 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.98 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.01. The business had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The company's revenue for the quarter was up 114.9% compared to the same quarter last year. During the same period last year, the firm earned $1.81 earnings per share. Equities analysts anticipate that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold's payout ratio is 20.74%.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the sale, the senior vice president directly owned 8,082 shares of the company's stock, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company's stock.

Analyst Ratings Changes

RGLD has been the subject of a number of analyst reports. UBS Group increased their price target on Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 7th. Jefferies Financial Group cut their target price on Royal Gold from $318.00 to $311.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Weiss Ratings cut Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Royal Bank Of Canada decreased their price target on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Finally, Zacks Research lowered shares of Royal Gold from a "hold" rating to a "strong sell" rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $285.10.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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