Pacer Advisors Inc. Has $10.89 Million Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Pacer Advisors Inc. increased its stake in Royal Gold, Inc. by 58.6% during the first quarter, owning a total of 66,591 shares valued at approximately $10.89 million.
• Royal Gold reported earnings per share of $1.51 for the last quarter, exceeding analysts' expectations and marking a 29.9% year-over-year revenue growth to $193.44 million.
• The company declared a quarterly dividend of $0.45 per share, amounting to an annual yield of 1.16% as of the most recent report.

Pacer Advisors Inc. boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 58.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,591 shares of the basic materials company's stock after buying an additional 24,592 shares during the quarter. Pacer Advisors Inc. owned approximately 0.10% of Royal Gold worth $10,888,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. PFG Investments LLC lifted its position in Royal Gold by 0.9% in the first quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock valued at $971,000 after purchasing an additional 54 shares during the period. BCS Wealth Management grew its stake in shares of Royal Gold by 0.3% during the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after buying an additional 63 shares during the period. GoalVest Advisory LLC grew its stake in shares of Royal Gold by 5.2% during the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock valued at $246,000 after buying an additional 75 shares during the period. Bessemer Group Inc. boosted its position in Royal Gold by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock worth $2,871,000 after purchasing an additional 94 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in Royal Gold by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,471 shares of the basic materials company's stock worth $2,203,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RGLD. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Wall Street Zen upgraded shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. CIBC boosted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Raymond James Financial boosted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Canaccord Genuity Group upped their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned 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 a consensus target price of $192.13.

Royal Gold Price Performance

Shares of Royal Gold stock traded up $0.23 on Thursday, hitting $152.34. The company had a trading volume of 211,503 shares, compared to its average volume of 601,378. The company has a market cap of $10.03 billion, a PE ratio of 25.23, a PEG ratio of 1.08 and a beta of 0.44. Royal Gold, Inc. has a 52 week low of $125.68 and a 52 week high of $191.78. The business has a 50-day simple moving average of $172.01 and a 200-day simple moving average of $163.32.

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 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 firm had revenue of $193.44 million during the quarter, compared to analysts' expectations of $176.17 million. During the same period last year, the firm posted $0.91 earnings per share. The firm's revenue for the quarter was up 29.9% compared to the same quarter last year. On average, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. Royal Gold's dividend 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.