Orion Investment Co Has $4.35 Million Stock Holdings in Royal Gold, Inc. $RGLD

Key Points

• Orion Investment Co increased its stake in Royal Gold, Inc. by 23.8%, owning 26,630 shares valued at approximately $4.35 million.
• Royal Gold reported $1.81 EPS for the quarter, surpassing analyst expectations of $1.70, with a revenue increase of 20.4% year-over-year.
• The company announced a quarterly dividend of $0.45 per share, with a dividend yield of 1.0%, to be paid on October 17th.

Orion Investment Co lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 23.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,630 shares of the basic materials company's stock after acquiring an additional 5,114 shares during the period. Royal Gold accounts for approximately 1.8% of Orion Investment Co's investment portfolio, making the stock its 16th biggest holding. Orion Investment Co's holdings in Royal Gold were worth $4,354,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Royal Gold by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company's stock valued at $1,095,336,000 after purchasing an additional 46,956 shares during the last quarter. Findlay Park Partners LLP grew its stake in shares of Royal Gold by 1.4% in the 1st 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 during the last quarter. Northern Trust Corp boosted its stake in shares of Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock valued at $135,730,000 after buying an additional 168,569 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Royal Gold by 18.1% in the fourth quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock valued at $131,412,000 after buying an additional 152,599 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Royal Gold by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company's stock valued at $152,628,000 after buying an additional 55,685 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Stock Performance

Royal Gold stock traded up $3.92 during trading on Tuesday, hitting $183.50. The company's stock had a trading volume of 386,964 shares, compared to its average volume of 629,771. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.31 and a beta of 0.43. The stock's fifty day moving average is $166.71 and its 200 day moving average is $168.08. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $191.78.

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. 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 quarter last year, the firm earned $1.25 earnings per share. The company's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RGLD shares. CIBC lifted their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. TD Securities reiterated a "buy" rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Canaccord Genuity Group boosted their target price on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Finally, Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.63.

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.