Royal Gold, Inc. $RGLD Stock Holdings Lifted by Copeland Capital Management LLC

Key Points

• Copeland Capital Management LLC increased its stake in Royal Gold, Inc. by 7.8%, owning approximately 148,794 shares valued at about $26.46 million as of the latest SEC filing.
• Royal Gold reported $1.81 earnings per share for its last quarter, surpassing analysts' expectations, with a revenue of $209.64 million, marking a 20.4% year-over-year increase.
• The company will distribute a quarterly dividend of $0.45 per share on October 17th to shareholders of record as of October 3rd, yielding an annualized amount of $1.80.

Copeland Capital Management LLC lifted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,794 shares of the basic materials company's stock after acquiring an additional 10,804 shares during the period. Copeland Capital Management LLC owned about 0.23% of Royal Gold worth $26,462,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Royal Gold by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company's stock worth $1,095,336,000 after acquiring an additional 46,956 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Royal Gold by 68.8% during the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company's stock worth $274,887,000 after purchasing an additional 685,857 shares during the period. Findlay Park Partners LLP boosted its holdings in shares of Royal Gold by 1.4% during the first quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company's stock worth $202,921,000 after purchasing an additional 16,600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Royal Gold by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company's stock worth $152,628,000 after purchasing an additional 55,685 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Royal Gold by 2.3% during the first quarter. Invesco Ltd. now owns 776,840 shares of the basic materials company's stock worth $127,021,000 after purchasing an additional 17,649 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on RGLD shares. TD Securities restated a "buy" rating and set a $237.00 price target (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Canaccord Genuity Group raised their price target on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Five 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 stock presently has an average rating of "Moderate Buy" and an average price target of $198.63.

Royal Gold Trading Down 0.5%

Shares of NASDAQ:RGLD opened at $199.03 on Friday. The stock has a market capitalization of $13.10 billion, a PE ratio of 29.18, a P/E/G ratio of 1.58 and a beta of 0.41. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $203.18. The firm has a fifty day moving average price of $177.78 and a 200 day moving average price of $174.16.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $209.64 million during the quarter, compared to analysts' expectations of $186.63 million. During the same period in the prior year, the company posted $1.25 earnings per share. Royal Gold's revenue for the quarter was up 20.4% on a year-over-year basis. On average, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

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 given a dividend of $0.45 per share. 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 0.9%. Royal Gold's payout ratio is currently 26.39%.

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.

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