Nations Financial Group Inc. IA ADV Purchases New Position in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Nations Financial Group Inc. IA ADV has acquired a new position in Royal Gold, purchasing 15,508 shares valued at approximately $2.54 million in the first quarter of the year.
• Royal Gold recently reported quarterly earnings of $1.81 per share, exceeding expectations, with a 20.4% increase in revenue year-over-year amounting to $209.64 million.
• The company announced a quarterly dividend of $0.45 per share, resulting in an annualized yield of 1.0% and a dividend payout ratio of 26.39%.

Nations Financial Group Inc. IA ADV purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 15,508 shares of the basic materials company's stock, valued at approximately $2,536,000.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Royal Gold in the 1st quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new stake in Royal Gold in the 1st quarter valued at $34,000. Caitong International Asset Management Co. Ltd acquired a new stake in Royal Gold in the 1st quarter valued at $40,000. Bayforest Capital Ltd increased its holdings in Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings 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 valued at $72,000 after purchasing an additional 191 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of RGLD stock opened at $171.45 on Friday. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $191.78. The company's 50-day simple moving average is $167.55 and its 200-day simple moving average is $165.42. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.20 and a beta of 0.40.

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

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were given 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 dividend yield of 1.0%. Royal Gold's dividend payout ratio (DPR) is presently 26.39%.

Analysts Set New Price Targets

RGLD has been the subject of several recent research reports. CIBC increased their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Canaccord Genuity Group raised their target price on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Wall Street Zen downgraded Royal Gold from a "buy" rating to a "hold" rating in a research note on Saturday. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Finally, TD Securities restated a "buy" rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Royal Gold currently has an average rating of "Moderate Buy" and an average price target of $198.63.

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.

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