LPL Financial LLC Grows Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• LPL Financial LLC increased its position in Royal Gold, Inc. by 14.8% in the first quarter, bringing its total holdings to 26,176 shares valued at approximately $4.28 million.
• Royal Gold reported $1.81 earnings per share (EPS) for the last quarter, surpassing analysts' consensus estimate of $1.70, with a net margin of 56.24%.
• The firm also declared a quarterly dividend of $0.45 per share, representing an annualized yield of 1.1% and a payout ratio of 26.39%.

LPL Financial LLC increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 14.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,176 shares of the basic materials company's stock after purchasing an additional 3,369 shares during the period. LPL Financial LLC's holdings in Royal Gold were worth $4,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Alpine Bank Wealth Management purchased a new position in Royal Gold in the first quarter valued at $32,000. Larson Financial Group LLC increased its holdings in Royal Gold by 77.0% in the first quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company's stock valued at $72,000 after buying an additional 191 shares in the last quarter. HM Payson & Co. increased its holdings in 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. Farther Finance Advisors LLC grew its position in shares of Royal Gold by 29.5% in the first quarter. Farther Finance Advisors LLC now owns 812 shares of the basic materials company's stock valued at $133,000 after purchasing an additional 185 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Royal Gold by 50.7% in the first quarter. Fifth Third Bancorp now owns 871 shares of the basic materials company's stock valued at $142,000 after purchasing an additional 293 shares during the period. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Price Performance

RGLD traded up $1.84 on Friday, reaching $171.45. 954,767 shares of the company's stock were exchanged, compared to its average volume of 884,806. The stock has a market cap of $11.29 billion, a PE ratio of 25.14, a P/E/G ratio of 1.22 and a beta of 0.40. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $191.78. The stock's fifty day moving average price is $167.55 and its 200-day moving average price is $165.62.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same period in the previous year, the business posted $1.25 earnings per share. Royal Gold's quarterly revenue was up 20.4% on a year-over-year basis. As a group, research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders 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 dividend on an annualized basis and a yield of 1.0%. Royal Gold's payout ratio is 26.39%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RGLD. Wall Street Zen lowered shares of Royal Gold from a "buy" rating to a "hold" rating in a research report on Saturday. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the company a "market perform" rating in a research report on Thursday, May 22nd. TD Securities reiterated a "buy" rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. CIBC lifted their target price on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Canaccord Genuity Group lifted their target price on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $198.63.

Royal Gold Company 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.