Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 44.9% during the first quarter, according to its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter.

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

Royal Gold Price Performance

Shares of RGLD stock opened at $178.14 on Wednesday. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.31 and a beta of 0.44. The stock has a 50 day simple moving average of $179.27 and a 200-day simple moving average of $158.73. Royal Gold, Inc. has a 1-year low of $122.51 and a 1-year high of $191.78.

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

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.01%. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

Analysts Set New Price Targets

RGLD has been the topic of several analyst reports. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group upped their target price on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. CIBC lifted their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank Of Canada decreased their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Raymond James Financial raised their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $185.33.

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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