NorthCrest Asset Manangement LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,079 shares of the basic materials company's stock, valued at approximately $503,000.
Other hedge funds also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Royal Gold in the 4th quarter worth $42,000. Jones Financial Companies Lllp lifted its holdings in Royal Gold by 390.7% in the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 293 shares during the period. IFP Advisors Inc boosted its position in Royal Gold by 66.7% in the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after purchasing an additional 158 shares during the last quarter. Human Investing LLC purchased a new position in Royal Gold in the fourth quarter worth about $73,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Royal Gold by 42.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 651 shares of the basic materials company's stock valued at $86,000 after purchasing an additional 194 shares during the period. Institutional investors own 83.65% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on RGLD shares. Raymond James lifted their price target on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Canaccord Genuity Group lifted their target price on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. CIBC upped their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $185.33.
Check Out Our Latest Stock Report on Royal Gold
Royal Gold Trading Down 1.4%
NASDAQ RGLD traded down $2.59 on Monday, hitting $179.70. 790,994 shares of the company's stock traded hands, compared to its average volume of 433,660. The firm's 50-day moving average price is $178.15 and its two-hundred day moving average price is $157.19. The firm has a market capitalization of $11.83 billion, a PE ratio of 35.65, a P/E/G ratio of 3.42 and a beta of 0.44. Royal Gold, Inc. has a 1-year low of $120.00 and a 1-year high of $191.78.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.14. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The firm had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. During the same period in the previous year, the firm earned $0.91 EPS. The business's quarterly revenue was up 29.9% on a year-over-year basis. On average, research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.
Royal Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.00%. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.
Royal Gold Profile
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Free Report)
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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