Exchange Traded Concepts LLC Boosts Position in Royal Gold, Inc. $RGLD

Key Points

• Exchange Traded Concepts LLC increased its holdings in Royal Gold, Inc. by 100.9% in Q2, now owning 30,293 shares valued at approximately $5.4 million.
• Royal Gold reported earnings of $1.81 EPS for the quarter, surpassing analysts' expectations, with revenue increasing by 20.4% year-over-year to $209.64 million.
• The company declared a quarterly dividend of $0.45 per share, with the annualized yield at 0.9% and an ex-dividend date of October 3rd.

Exchange Traded Concepts LLC boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 100.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,293 shares of the basic materials company's stock after purchasing an additional 15,214 shares during the quarter. Exchange Traded Concepts LLC's holdings in Royal Gold were worth $5,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RGLD. PFG Investments LLC lifted its holdings in shares of Royal Gold by 0.9% in the first quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock worth $971,000 after acquiring an additional 54 shares during the last quarter. BCS Wealth Management boosted its holdings in Royal Gold by 0.3% in the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after acquiring an additional 63 shares during the last quarter. NorthRock Partners LLC raised its stake in Royal Gold by 4.5% during the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company's stock worth $259,000 after buying an additional 68 shares during the last quarter. GoalVest Advisory LLC lifted its stake 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 valued at $246,000 after purchasing an additional 75 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Royal Gold by 0.5% during the 1st quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company's stock worth $2,705,000 after buying an additional 78 shares during the period. Institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RGLD shares. TD Securities restated a "buy" rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Canaccord Genuity Group increased their price objective on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $198.63.

Royal Gold Stock Up 0.4%

NASDAQ RGLD traded up $0.73 during trading hours on Tuesday, reaching $192.25. 184,563 shares of the company were exchanged, compared to its average volume of 666,428. The stock has a market capitalization of $12.66 billion, a P/E ratio of 28.23, a P/E/G 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 business's 50 day simple moving average is $171.47 and its 200-day simple moving average is $172.07.

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 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. During the same period in the prior year, the company earned $1.25 earnings per share. Royal Gold's revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

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

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.