Leisure Capital Management Purchases Shares of 7,822 Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Leisure Capital Management invested $1.28 million in Royal Gold, Inc. by acquiring 7,822 shares of the company during the first quarter.
• Royal Gold reported $1.51 earnings per share for the last quarter, exceeding analyst estimates of $1.37, and demonstrated a 29.9% year-over-year revenue growth.
• The company has a current market cap of $10.30 billion and a consensus rating of "Moderate Buy" from analysts, with an average price target of $192.13.

Leisure Capital Management purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,822 shares of the basic materials company's stock, valued at approximately $1,279,000.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in shares of Royal Gold during the first quarter worth approximately $32,000. Banque Cantonale Vaudoise bought a new position in Royal Gold in the 1st quarter valued at $34,000. Bayforest Capital Ltd boosted its stake in Royal Gold by 256.5% in the first 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 grew its holdings in shares of Royal Gold by 77.0% during the first 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 during the last quarter. Finally, HM Payson & Co. increased its stake in shares of Royal Gold by 4,545.5% in the first quarter. HM Payson & Co. now owns 511 shares of the basic materials company's stock valued at $84,000 after buying an additional 500 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Canaccord Genuity Group upped their price target on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. CIBC increased 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. Wall Street Zen cut Royal Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Royal Gold currently has an average rating of "Moderate Buy" and an average target price of $192.13.

Royal Gold Price Performance

Shares of RGLD stock traded up $1.15 during trading hours on Wednesday, reaching $161.33. The company had a trading volume of 1,130,119 shares, compared to its average volume of 922,135. Royal Gold, Inc. has a 1-year low of $127.31 and a 1-year high of $191.78. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.14 and a beta of 0.40. The company has a 50 day moving average of $169.20 and a 200 day moving average of $163.93.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.19. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. During the same period in the prior year, the firm earned $1.25 earnings per share. The firm's quarterly revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts forecast 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 was paid on Thursday, July 17th. Investors of record on Thursday, July 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.1%. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

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.