Royal Gold, Inc. $RGLD Shares Bought by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Royal Gold, Inc. by 744.1% during the first quarter, now holding 7,175 shares valued at approximately $1.17 million.
• The company reported earnings per share (EPS) of $1.81 for the recent quarter, exceeding analyst expectations of $1.70, with revenues up 20.4% year-over-year.
• Royal Gold has announced a quarterly dividend of $0.45 per share to be paid on October 17th, representing an annualized yield of 1.0%.

Credit Agricole S A lifted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 744.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,175 shares of the basic materials company's stock after acquiring an additional 6,325 shares during the period. Credit Agricole S A's holdings in Royal Gold were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RGLD. Alpine Bank Wealth Management acquired a new stake in shares of Royal Gold in the first quarter worth approximately $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold in the first quarter worth approximately $34,000. Bayforest Capital Ltd boosted its stake in shares of Royal Gold by 256.5% in the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after acquiring an additional 177 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Gold in the first quarter worth approximately $40,000. Finally, Brooklyn Investment Group boosted its stake in shares of Royal Gold by 961.5% in the first quarter. Brooklyn Investment Group now owns 276 shares of the basic materials company's stock worth $45,000 after acquiring an additional 250 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $177.44 on Monday. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $191.78. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.30 and a beta of 0.40. The business's 50 day moving average price is $167.03 and its 200 day moving average price is $166.82.

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 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 firm had revenue of $209.64 million for the quarter, compared to the consensus estimate of $186.63 million. During the same quarter last year, the business posted $1.25 earnings per share. The firm's revenue was up 20.4% compared to the same quarter last year. On average, analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given 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 payout ratio is currently 26.39%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RGLD shares. Wall Street Zen lowered Royal Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. CIBC lifted their price objective on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, TD Securities reiterated a "buy" rating and set a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Five equities research 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, the company presently has an average 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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