Northwestern Mutual Wealth Management Co. Purchases New Holdings in Royal Gold, Inc. $RGLD

Key Points

• Northwestern Mutual Wealth Management initiated a 12,705-share position in Royal Gold worth approximately $2.54 million. Institutional investors and hedge funds collectively own 83.65% of the company.
• Analyst sentiment is mixed, with seven Buy, three Hold, and two Sell ratings; the overall consensus is Hold with a target price of $285.10.
• Royal Gold exceeded quarterly earnings and revenue expectations, reporting $2.56 in EPS and $468.98 million in revenue, while revenue surged 114.9% year over year. The company also declared a quarterly dividend of $0.475 per share, for an annualized yield of 0.7%.

Northwestern Mutual Wealth Management Co. bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,705 shares of the basic materials company's stock, valued at approximately $2,536,000.

A number of other hedge funds have also made changes to their positions in RGLD. BlackRock Inc. acquired a new position in Royal Gold during the 2nd quarter valued at approximately $2,177,865,000. Capital World Investors lifted its stake in Royal Gold by 7.5% in the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company's stock valued at $2,163,732,000 after buying an additional 678,732 shares during the last quarter. Vanguard Group Inc. lifted its stake in Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company's stock valued at $1,867,001,000 after buying an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Royal Gold by 18.1% during the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company's stock valued at $1,311,607,000 after acquiring an additional 905,488 shares during the period. Finally, State Street Corp grew its position in shares of Royal Gold by 11.9% during the fourth quarter. State Street Corp now owns 3,718,646 shares of the basic materials company's stock worth $826,618,000 after acquiring an additional 396,778 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank reiterated a "sector perform" rating and set a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. Royal Bank Of Canada cut their target price on Royal Gold from $310.00 to $305.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Zacks Research lowered Royal Gold from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. UBS Group raised their price target on Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings cut shares of Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $285.10.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares of the company's stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company's stock.

Royal Gold Stock Up 1.8%

Shares of NASDAQ:RGLD opened at $263.75 on Tuesday. The firm has a 50 day simple moving average of $211.14 and a 200 day simple moving average of $236.43. Royal Gold, Inc. has a 52 week low of $168.88 and a 52 week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The company has a market cap of $22.35 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The company had revenue of $468.98 million for the quarter, compared to analysts' expectations of $458.85 million. During the same quarter in the previous year, the business posted $1.81 EPS. The business's revenue for the quarter was up 114.9% on a year-over-year basis. As a group, research analysts expect that Royal Gold, Inc. will post 10.32 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold's dividend payout ratio (DPR) is presently 20.74%.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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