Swedbank AB Raises Stock Position in Royal Gold, Inc. $RGLD

Key Points

• Swedbank AB increased its holdings in Royal Gold, Inc. by 75.1% in the first quarter, now owning approximately 0.31% of the company valued at $33.87 million.
• Royal Gold reported earnings per share of $1.81 for the last quarter, exceeding analyst estimates, with a 20.4% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.45 to be paid on October 17th, representing an annual yield of 1.0%.

Swedbank AB raised its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 75.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,155 shares of the basic materials company's stock after buying an additional 88,828 shares during the quarter. Swedbank AB owned about 0.31% of Royal Gold worth $33,872,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. PFG Investments LLC raised its stake in Royal Gold by 0.9% during the first quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock valued at $971,000 after buying an additional 54 shares during the last quarter. BCS Wealth Management increased its holdings in shares of Royal Gold by 0.3% in the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock worth $3,385,000 after purchasing an additional 63 shares in the last quarter. NorthRock Partners LLC increased its holdings in shares of Royal Gold by 4.5% in the 1st quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company's stock worth $259,000 after purchasing an additional 68 shares in the last quarter. GoalVest Advisory LLC increased its holdings in shares of Royal Gold by 5.2% in the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock worth $246,000 after purchasing an additional 75 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Royal Gold by 0.5% in the 1st quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company's stock worth $2,705,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Stock Performance

Shares of RGLD stock traded up $6.11 on Monday, reaching $195.43. The stock had a trading volume of 1,133,681 shares, compared to its average volume of 660,300. The stock has a market cap of $12.87 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $195.86. The company has a 50 day simple moving average of $168.47 and a 200 day simple moving average of $170.67.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company had revenue of $209.64 million for the quarter, compared to analysts' expectations of $186.63 million. During the same period last year, the firm earned $1.25 EPS. Royal Gold's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, October 3rd. Royal Gold's dividend payout ratio is presently 26.39%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Canaccord Genuity Group lifted their target price on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. TD Securities reissued a "buy" rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.