Vanguard Group Inc. Purchases 46,956 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Vanguard Group Inc. lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,698,891 shares of the basic materials company's stock after acquiring an additional 46,956 shares during the period. Vanguard Group Inc. owned 10.18% of Royal Gold worth $1,095,336,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Leisure Capital Management purchased a new stake in Royal Gold during the 1st quarter valued at $1,279,000. Cary Street Partners Financial LLC bought a new position in Royal Gold during the first quarter valued at $463,000. ING Groep NV purchased a new stake in shares of Royal Gold in the first quarter valued at $1,390,000. Earned Wealth Advisors LLC raised its stake in shares of Royal Gold by 5.4% in the first quarter. Earned Wealth Advisors LLC now owns 3,069 shares of the basic materials company's stock valued at $502,000 after acquiring an additional 158 shares during the period. Finally, Smithfield Trust Co lifted its holdings in shares of Royal Gold by 282.5% in the 1st quarter. Smithfield Trust Co now owns 700 shares of the basic materials company's stock worth $115,000 after acquiring an additional 517 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RGLD. CIBC upped their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. TD Securities reaffirmed a "buy" rating and set a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research note on Friday. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $166.00 to $189.00 in a report on Monday, April 14th. Finally, Wall Street Zen lowered Royal Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $198.63.

Royal Gold Trading Up 1.0%

Shares of NASDAQ RGLD traded up $1.74 during trading hours on Tuesday, reaching $172.34. The stock had a trading volume of 611,185 shares, compared to its average volume of 923,236. Royal Gold, Inc. has a 52-week low of $130.24 and a 52-week high of $191.78. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.21 and a beta of 0.40. The business's fifty day moving average price is $168.16 and its two-hundred day moving average price is $164.93.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The business had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. During the same quarter in the previous year, the business posted $1.25 EPS. The company's quarterly revenue was up 20.4% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is 26.39%.

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.