Janney Montgomery Scott LLC Boosts Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Janney Montgomery Scott LLC lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 44.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,725 shares of the basic materials company's stock after purchasing an additional 5,496 shares during the period. Janney Montgomery Scott LLC's holdings in Royal Gold were worth $2,898,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Handelsbanken Fonder AB lifted its stake in Royal Gold by 3.9% in the fourth quarter. Handelsbanken Fonder AB now owns 18,802 shares of the basic materials company's stock worth $2,479,000 after acquiring an additional 700 shares during the period. Concurrent Investment Advisors LLC raised its holdings in Royal Gold by 6.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,854 shares of the basic materials company's stock worth $244,000 after purchasing an additional 110 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Royal Gold in the 4th quarter worth $409,000. IFP Advisors Inc lifted its position in shares of Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after purchasing an additional 158 shares during the period. Finally, Pring Turner Capital Group Inc. boosted its stake in shares of Royal Gold by 11.2% during the 4th quarter. Pring Turner Capital Group Inc. now owns 22,201 shares of the basic materials company's stock valued at $2,927,000 after purchasing an additional 2,244 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of research reports. CIBC increased their price target on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James Financial raised their target price on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Royal Bank Of Canada dropped their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Finally, Canaccord Genuity Group upped their price target on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Three 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $192.13.

Royal Gold Stock Performance

Shares of RGLD traded down $4.48 during mid-day trading on Friday, reaching $175.48. The company had a trading volume of 711,114 shares, compared to its average volume of 438,685. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.44. The firm has a 50-day moving average price of $178.79 and a 200 day moving average price of $159.29. Royal Gold, Inc. has a 52 week low of $124.79 and a 52 week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced 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 return on equity of 12.48% and a net margin of 52.15%. The business had revenue of $193.44 million during the quarter, compared to analysts' expectations of $176.17 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm's quarterly revenue was up 29.9% compared to the same quarter last year. As a group, research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's payout ratio is 29.80%.

Royal Gold Company 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.