Savvy Advisors Inc. Invests $299,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Savvy Advisors Inc. has acquired 1,826 shares of Royal Gold, Inc., valued at approximately $299,000, marking a new investment in the company as reported in their SEC filing.
• Royal Gold's stock has increased by 2.2% and currently has a market cap of $11.12 billion, with a 12-month price range from $127.82 to $191.78.
• The company recently announced a $0.45 quarterly dividend, resulting in an annualized yield of 1.1%, with a payout ratio of 26.39%.

Savvy Advisors Inc. acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,826 shares of the basic materials company's stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RGLD. GAMMA Investing LLC grew its stake in shares of Royal Gold by 17,722.4% during the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after purchasing an additional 454,934 shares during the period. Select Equity Group L.P. acquired a new stake in shares of Royal Gold during the 4th quarter worth approximately $55,825,000. Victory Capital Management Inc. grew its stake in shares of Royal Gold by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company's stock worth $67,886,000 after purchasing an additional 223,870 shares during the period. BLI Banque de Luxembourg Investments acquired a new stake in shares of Royal Gold during the 4th quarter worth approximately $27,536,000. Finally, Northern Trust Corp grew its stake in shares of Royal Gold by 19.6% during the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after purchasing an additional 168,569 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RGLD. CIBC raised their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Wall Street Zen cut shares of Royal Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. TD Securities reissued a "buy" rating and issued a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research note on Friday. Finally, BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $198.63.

Royal Gold Trading Up 1.0%

RGLD stock traded up $1.74 during midday trading on Tuesday, reaching $172.34. The stock had a trading volume of 611,185 shares, compared to its average volume of 923,236. Royal Gold, Inc. has a 52-week low of $130.24 and a 52-week high of $191.78. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40. The company's fifty day simple moving average is $168.16 and its 200 day simple moving average is $164.93.

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 (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 business had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. During the same quarter in the prior 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. Sell-side analysts predict 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 was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold's dividend payout ratio is presently 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.