Royal Gold, Inc. $RGLD Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Royal Gold, Inc. by 12.4% during the second quarter, owning approximately 0.05% of the company, valued at $6,054,000.
• Royal Gold reported earnings per share of $1.81 for the latest quarter, exceeding analysts' expectations, with revenue of $209.64 million, marking a 20.4% year-over-year increase.
• The company recently declared a quarterly dividend of $0.45 per share, representing an annualized yield of 1.0% and a dividend payout ratio of 26.39%.

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 12.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,666 shares of the basic materials company's stock after buying an additional 3,703 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Royal Gold worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in RGLD. WPG Advisers LLC acquired a new stake in shares of Royal Gold during the first quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Royal Gold during the first quarter worth approximately $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold during the first quarter worth approximately $34,000. Bayforest Capital Ltd grew its position in shares of Royal Gold by 256.5% during the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after buying an additional 177 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Gold during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Stock Performance

RGLD stock opened at $189.46 on Thursday. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.52 and a beta of 0.43. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $196.00. The stock's fifty day moving average is $172.79 and its two-hundred day moving average is $172.33.

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

Royal Gold Announces Dividend

The business also recently announced 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 1.0%. The ex-dividend date is Friday, October 3rd. Royal Gold's dividend payout ratio (DPR) is presently 26.39%.

Wall Street Analysts Forecast Growth

RGLD has been the topic of several research analyst reports. TD Securities restated a "buy" rating and set 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 Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Canaccord Genuity Group raised their price objective on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Finally, Wall Street Zen upgraded Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.63.

About Royal Gold

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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