Oak Thistle LLC Invests $285,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Oak Thistle LLC has acquired 1,744 shares of Royal Gold, Inc. (NASDAQ:RGLD) valued at approximately $285,000 during the first quarter.
• Royal Gold reported earnings of $1.51 per share, exceeding estimates, with revenue of $193.44 million, marking a year-over-year increase of 29.9%.
• The company recently paid a quarterly dividend of $0.45 per share, representing an annualized dividend of $1.80 with a yield of 1.16%.

Oak Thistle LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,744 shares of the basic materials company's stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Royal Gold during the 1st quarter worth $4,246,000. Gries Financial LLC acquired a new position in shares of Royal Gold during the first quarter valued at $209,000. Allianz Asset Management GmbH lifted its stake in shares of Royal Gold by 5.8% during the first quarter. Allianz Asset Management GmbH now owns 148,850 shares of the basic materials company's stock valued at $24,338,000 after acquiring an additional 8,133 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Royal Gold by 179.4% during the first quarter. Lindbrook Capital LLC now owns 1,263 shares of the basic materials company's stock valued at $207,000 after acquiring an additional 811 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC acquired a new position in shares of Royal Gold during the first quarter valued at $242,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Analysts Set New Price Targets

RGLD has been the topic of a number of research reports. Canaccord Genuity Group upped their target price on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Raymond James Financial increased their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. CIBC increased their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Royal Bank Of Canada cut their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Finally, Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.13.

Royal Gold Stock Performance

Royal Gold stock traded up $0.41 during midday trading on Tuesday, reaching $152.34. The stock had a trading volume of 216,134 shares, compared to its average volume of 596,788. The firm's fifty day simple moving average is $172.51 and its 200-day simple moving average is $163.40. Royal Gold, Inc. has a 1-year low of $125.68 and a 1-year high of $191.78. The stock has a market capitalization of $10.03 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 1.10 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same period last year, the company earned $0.91 earnings per share. The firm's revenue was up 29.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were paid a $0.45 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.18%. Royal Gold's payout ratio is currently 29.80%.

About Royal Gold

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.