Amundi Has $13.81 Million Stock Holdings in Royal Gold, Inc. $RGLD

Key Points

• Amundi reduced its stake in Royal Gold, Inc. by 13.2% in the first quarter, owning 82,541 shares valued at approximately $13.8 million after selling 12,546 shares.
• The company recently reported a quarterly EPS of $1.81, surpassing analysts' expectations of $1.70, with revenue of $209.64 million marking a 20.4% year-over-year increase.
• Royal Gold announced a quarterly dividend of $0.45 per share, set to be paid on October 17th, with a dividend yield of 1.0%.

Amundi reduced its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,541 shares of the basic materials company's stock after selling 12,546 shares during the period. Amundi owned approximately 0.13% of Royal Gold worth $13,807,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Aprio Wealth Management LLC acquired a new position in Royal Gold in the first quarter valued at approximately $210,000. Dark Forest Capital Management LP raised its holdings in Royal Gold by 724.2% in the first quarter. Dark Forest Capital Management LP now owns 43,034 shares of the basic materials company's stock worth $7,036,000 after purchasing an additional 37,813 shares during the period. EP Wealth Advisors LLC raised its holdings in Royal Gold by 13.8% in the first quarter. EP Wealth Advisors LLC now owns 2,221 shares of the basic materials company's stock worth $363,000 after purchasing an additional 270 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in Royal Gold in the first quarter worth $961,000. Finally, Twin Tree Management LP raised its holdings in Royal Gold by 352.1% in the first quarter. Twin Tree Management LP now owns 43,178 shares of the basic materials company's stock worth $7,060,000 after purchasing an additional 33,628 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Zacks Research lowered shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. TD Securities restated a "buy" rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Wall Street Zen upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $198.63.

Royal Gold Stock Performance

Royal Gold stock traded up $0.13 during mid-day trading on Friday, reaching $189.32. The company's stock had a trading volume of 616,041 shares, compared to its average volume of 677,227. The company has a market capitalization of $12.46 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $191.78. The business's 50 day simple moving average is $167.93 and its 200 day simple moving average is $170.02.

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

Royal Gold Announces Dividend

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