Oxbow Advisors LLC Raises Position in Royal Gold, Inc. (NASDAQ:RGLD)

Oxbow Advisors LLC increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,887 shares of the basic materials company's stock after purchasing an additional 2,039 shares during the quarter. Royal Gold accounts for 2.0% of Oxbow Advisors LLC's portfolio, making the stock its 10th biggest holding. Oxbow Advisors LLC owned about 0.18% of Royal Gold worth $19,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in shares of Royal Gold in the 1st quarter valued at $32,000. Jones Financial Companies Lllp increased its stake in Royal Gold by 390.7% during the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after buying an additional 293 shares in the last quarter. HM Payson & Co. increased its stake in Royal Gold by 4,545.5% during the 1st quarter. HM Payson & Co. now owns 511 shares of the basic materials company's stock worth $84,000 after buying an additional 500 shares in the last quarter. Physician Wealth Advisors Inc. purchased a new stake in shares of Royal Gold in the fourth quarter valued at approximately $95,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at approximately $129,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RGLD. CIBC upped their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a 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 report on Thursday, May 22nd. Raymond James Financial boosted their target price on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Canaccord Genuity Group boosted their target price on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Finally, Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.13.

Royal Gold Trading Down 0.1%

Shares of Royal Gold stock traded down $0.14 during trading hours on Wednesday, reaching $157.67. 791,042 shares of the company's stock were exchanged, compared to its average volume of 471,869. Royal Gold, Inc. has a 52-week low of $125.69 and a 52-week high of $191.78. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.12 and a beta of 0.44. The company has a fifty day moving average of $175.25 and a 200-day moving average of $161.78.

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

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is currently 29.80%.

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.