Royal Gold, Inc. $RGLD Shares Acquired by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC increased its stake in Royal Gold, Inc. by 37.9%, owning 120,487 shares worth approximately $19.7 million as of the end of the last quarter.
• Royal Gold reported quarterly earnings of $1.81 per share, exceeding estimates and achieving a 20.4% year-over-year revenue growth of $209.64 million.
• A quarterly dividend of $0.45 per share has been declared, with an annualized yield of 1.0% and a payout ratio of 26.39%.

Driehaus Capital Management LLC increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 37.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,487 shares of the basic materials company's stock after acquiring an additional 33,121 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.18% of Royal Gold worth $19,701,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RGLD. Northern Trust Corp increased its holdings in shares of Royal Gold by 19.6% in the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock valued at $135,730,000 after acquiring an additional 168,569 shares during the period. Comerica Bank increased its holdings in shares of Royal Gold by 12.6% in the 4th quarter. Comerica Bank now owns 23,673 shares of the basic materials company's stock valued at $3,121,000 after acquiring an additional 2,640 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Royal Gold by 1,837.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 45,676 shares of the basic materials company's stock valued at $6,022,000 after acquiring an additional 43,318 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Royal Gold by 173.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,002 shares of the basic materials company's stock valued at $528,000 after acquiring an additional 2,537 shares during the period. Finally, Algert Global LLC increased its holdings in shares of Royal Gold by 28.7% in the 4th quarter. Algert Global LLC now owns 26,774 shares of the basic materials company's stock valued at $3,530,000 after acquiring an additional 5,964 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of RGLD opened at $179.58 on Friday. The stock has a market capitalization of $11.82 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.29 and a beta of 0.40. The company's fifty day moving average is $166.78 and its two-hundred day moving average is $167.61. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (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 company had revenue of $209.64 million for the quarter, compared to analysts' expectations of $186.63 million. During the same period in the previous year, the company posted $1.25 EPS. Royal Gold's revenue was up 20.4% compared to the same quarter last year. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold's dividend payout ratio is 26.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. CIBC lifted their target price 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 reissued a "buy" rating and issued a $237.00 price objective (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Wall Street Zen raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Canaccord Genuity Group boosted their price objective on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Royal Gold presently has an average rating of "Moderate Buy" and a consensus price target of $198.63.

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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