Royal Gold, Inc. (NASDAQ:RGLD) Holdings Cut by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in Royal Gold, Inc. by 25.7% in Q1, now holding approximately 0.17% of the company worth $18.8 million.
• Royal Gold's quarterly earnings beat estimates with an EPS of $1.81, reporting revenue of $209.64 million, a 20.4% increase year-over-year.
• The firm declared a quarterly dividend of $0.45, yielding 1.0%, with a payout ratio of 26.39%.

Russell Investments Group Ltd. lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 25.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,994 shares of the basic materials company's stock after selling 39,823 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Royal Gold worth $18,803,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Royal Gold by 17,722.4% during the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after acquiring an additional 454,934 shares during the period. Select Equity Group L.P. bought a new stake in shares of Royal Gold in the 4th quarter worth about $55,825,000. Nuveen LLC bought a new stake in shares of Royal Gold in the 1st quarter worth about $40,882,000. Victory Capital Management Inc. increased its position in shares of Royal Gold by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company's stock worth $67,886,000 after purchasing an additional 223,870 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments bought a new position in Royal Gold during the 4th quarter valued at about $27,536,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Performance

RGLD opened at $171.45 on Friday. The firm's fifty day moving average is $167.55 and its two-hundred day moving average is $165.62. The firm has a market cap of $11.29 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.11. The business had revenue of $209.64 million during the quarter, compared to analysts' expectations of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Equities analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 3rd were given a $0.45 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Royal Gold's payout ratio is currently 26.39%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. TD Securities reaffirmed a "buy" rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. CIBC raised their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded Royal Gold from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Canaccord Genuity Group raised their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Royal Gold has a consensus rating of "Moderate Buy" and an average target price of $198.63.

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.

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