Royal Gold, Inc. $RGLD Position Increased by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. increased its stake in Royal Gold, Inc. by 17.0%, owning 10,339 shares valued at approximately $1.69 million as of its latest SEC filing.
• Royal Gold recently reported earnings per share of $1.81 for the quarter, surpassing analysts' expectations by $0.11, with revenues increasing by 20.4% year-over-year.
• The company declared a quarterly dividend of $0.45, translating to an annual yield of 1.0% and a payout ratio of 26.39%.

Tocqueville Asset Management L.P. raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 17.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,339 shares of the basic materials company's stock after purchasing an additional 1,500 shares during the period. Tocqueville Asset Management L.P.'s holdings in Royal Gold were worth $1,691,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RGLD. Alpine Bank Wealth Management bought a new stake in Royal Gold during the first quarter valued at $32,000. Banque Cantonale Vaudoise bought a new stake in Royal Gold during the first quarter valued at $34,000. Bayforest Capital Ltd increased its stake in Royal Gold by 256.5% during the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Royal Gold during the first quarter valued at $40,000. Finally, Larson Financial Group LLC increased its stake in Royal Gold by 77.0% during the first quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company's stock valued at $72,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Royal Gold Trading Up 1.1%

Shares of NASDAQ RGLD opened at $171.45 on Monday. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $191.78. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.22 and a beta of 0.40. The firm has a 50-day moving average of $167.55 and a two-hundred day moving average of $165.79.

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

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 3rd. Royal Gold's dividend payout ratio is presently 26.39%.

Analyst Upgrades and Downgrades

RGLD has been the subject of several recent research reports. TD Securities restated a "buy" rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Canaccord Genuity Group upped their price target on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered shares of Royal Gold from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, CIBC upped 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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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