Royal Gold, Inc. $RGLD Shares Bought by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Royal Gold, Inc. by 4.4% during the second quarter, owning approximately $27.6 million worth of the stock by the end of the period.
• The company reported a 20.4% year-over-year increase in revenue, with earnings per share of $1.81 exceeding analyst estimates of $1.70.
• Royal Gold recently announced a quarterly dividend of $0.45 per share, representing a 0.9% yield and a payout ratio of 26.39%.

Allianz Asset Management GmbH boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,386 shares of the basic materials company's stock after buying an additional 6,536 shares during the period. Allianz Asset Management GmbH owned 0.24% of Royal Gold worth $27,634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System boosted its stake in Royal Gold by 1.1% during the second quarter. New York State Teachers Retirement System now owns 55,013 shares of the basic materials company's stock worth $9,784,000 after buying an additional 583 shares during the last quarter. Kiker Wealth Management LLC grew its holdings in shares of Royal Gold by 41.5% during the 2nd quarter. Kiker Wealth Management LLC now owns 375 shares of the basic materials company's stock worth $67,000 after purchasing an additional 110 shares during the period. NorthRock Partners LLC grew its holdings in shares of Royal Gold by 57.6% during the 2nd quarter. NorthRock Partners LLC now owns 2,499 shares of the basic materials company's stock worth $444,000 after purchasing an additional 913 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Royal Gold by 5.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,111 shares of the basic materials company's stock worth $553,000 after purchasing an additional 155 shares during the period. Finally, Vest Financial LLC grew its holdings in shares of Royal Gold by 133.4% during the 2nd quarter. Vest Financial LLC now owns 13,195 shares of the basic materials company's stock worth $2,347,000 after purchasing an additional 7,542 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RGLD. Weiss Ratings reiterated a "buy (b)" rating on shares of Royal Gold in a report on Wednesday, October 8th. Wall Street Zen upgraded Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. TD Securities reissued a "buy" rating and set a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Finally, CIBC increased their target price on Royal Gold from $225.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Royal Gold presently has an average rating of "Moderate Buy" and a consensus price target of $203.00.

Royal Gold Price Performance

RGLD stock opened at $193.76 on Friday. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $209.42. The firm has a market capitalization of $12.76 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.52 and a beta of 0.41. The business's 50-day moving average is $187.14 and its two-hundred day moving average is $177.32.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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 business's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. On average, analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 0.9%. Royal Gold's payout ratio is 26.39%.

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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