Royal Gold, Inc. $RGLD Shares Bought by Swedbank AB

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 holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 75.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 207,155 shares of the basic materials company's stock after acquiring an additional 88,828 shares during the quarter. Swedbank AB owned approximately 0.31% of Royal Gold worth $33,872,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Royal Gold by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company's stock worth $1,095,336,000 after acquiring an additional 46,956 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Royal Gold by 68.8% during the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company's stock valued at $274,887,000 after purchasing an additional 685,857 shares in the last quarter. Findlay Park Partners LLP lifted its position in shares of Royal Gold by 1.4% during the first quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company's stock valued at $202,921,000 after purchasing an additional 16,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Royal Gold by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company's stock worth $152,628,000 after buying an additional 55,685 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Royal Gold by 2.3% during the first quarter. Invesco Ltd. now owns 776,840 shares of the basic materials company's stock worth $127,021,000 after buying an additional 17,649 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. TD Securities reissued a "buy" rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group upped their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Finally, Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of "Moderate Buy" and an average target price of $198.63.

Royal Gold Stock Performance

RGLD traded down $1.68 on Thursday, hitting $186.42. The company had a trading volume of 267,387 shares, compared to its average volume of 641,613. The stock has a fifty day moving average price of $169.64 and a 200-day moving average price of $170.93. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $196.00. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 1.51 and a beta of 0.43.

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. The business had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Royal Gold's dividend payout ratio (DPR) is presently 26.39%.

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.