Meiji Yasuda Asset Management Co Ltd. Has $4.35 Million Stock Position in Royal Gold, Inc. $RGLD

Key Points

• Meiji Yasuda Asset Management Co Ltd. significantly increased its stake in Royal Gold, Inc. by 1,544.6%, owning 26,610 shares valued at approximately $4.35 million after acquiring an additional 24,992 shares.
• Royal Gold's recent earnings report showed a 20.4% year-over-year revenue growth, with revenue reaching $209.64 million and earnings per share of $1.81, beating analysts' expectations.
• The company announced a quarterly dividend of $0.45 payable on October 17th, representing an annualized yield of 1.0% and a payout ratio of 26.39%.

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1,544.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,610 shares of the basic materials company's stock after acquiring an additional 24,992 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Royal Gold were worth $4,351,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RGLD. AQR Capital Management LLC grew its holdings in Royal Gold by 68.8% during the 1st quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company's stock worth $274,887,000 after acquiring an additional 685,857 shares during the period. GAMMA Investing LLC grew its holdings in shares of Royal Gold by 17,722.4% in the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock valued at $74,806,000 after buying an additional 454,934 shares during the period. Select Equity Group L.P. acquired a new position in shares of Royal Gold in the 4th quarter valued at $55,825,000. Nuveen LLC acquired a new position in shares of Royal Gold in the 1st quarter valued at $40,882,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Royal Gold by 117.0% in the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company's stock valued at $67,886,000 after buying an additional 223,870 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RGLD shares. Wall Street Zen raised shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. TD Securities reissued a "buy" rating and issued a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. 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. Canaccord Genuity Group boosted their price target on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Finally, Zacks Research lowered shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $198.63.

Royal Gold Trading Up 0.1%

Shares of Royal Gold stock traded up $0.13 during trading on Friday, hitting $189.32. 616,041 shares of the stock were exchanged, compared to its average volume of 637,352. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.43. The company has a fifty day moving average price of $167.74 and a 200-day moving average price of $169.76. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $191.78.

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 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.11. The company had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. Royal Gold's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. Equities research 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 will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Royal Gold's payout ratio is currently 26.39%.

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.