Royal Gold, Inc. $RGLD Shares Acquired by Cwm LLC

Key Points

• Cwm LLC increased its stake in Royal Gold, Inc. by 20.5% during the 2nd quarter, bringing its total holdings to 40,662 shares worth approximately $7.23 million.
• Recent analyst ratings for Royal Gold include a downgrade to "hold" by Zacks and a price target increase to $250.00 by CIBC, with a consensus target price of $203.00.
• Royal Gold has announced a quarterly dividend of $0.45 per share, set to be paid on October 17th, indicating a 0.9% yield.

Cwm LLC lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 20.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,662 shares of the basic materials company's stock after acquiring an additional 6,914 shares during the quarter. Cwm LLC owned about 0.06% of Royal Gold worth $7,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RGLD. WPG Advisers LLC purchased a new stake in Royal Gold during the 1st quarter worth $27,000. Alpine Bank Wealth Management purchased a new stake in Royal Gold during the 1st quarter worth $32,000. Banque Cantonale Vaudoise purchased a new stake in Royal Gold during the 1st quarter worth $34,000. Blue Trust Inc. increased its stake in Royal Gold by 56.8% during the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company's stock worth $35,000 after buying an additional 71 shares during the period. Finally, Bayforest Capital Ltd increased its stake in Royal Gold by 256.5% during the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. TD Securities reaffirmed a "buy" rating and set a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Wall Street Zen raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Royal Gold in a research note on Wednesday, October 8th. Finally, CIBC boosted their target price on shares of Royal Gold from $225.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $203.00.

Royal Gold Trading Up 1.3%

Shares of NASDAQ:RGLD opened at $202.24 on Thursday. The company has a 50 day moving average of $185.82 and a 200-day moving average of $176.74. The firm has a market cap of $13.31 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.58 and a beta of 0.41. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $206.49.

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, topping 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 analyst estimates of $186.63 million. During the same period in the prior year, the business posted $1.25 EPS. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 0.9%. Royal Gold's dividend payout ratio is currently 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.

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