Significant Wealth Partners LLC Invests $269,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Significant Wealth Partners LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,644 shares of the basic materials company's stock, valued at approximately $269,000.

A number of other hedge funds have also modified their holdings of RGLD. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Royal Gold in the fourth quarter worth approximately $741,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Royal Gold by 8.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,196 shares of the basic materials company's stock worth $4,447,000 after purchasing an additional 2,015 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Royal Gold by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after buying an additional 5,067 shares during the last quarter. QRG Capital Management Inc. increased its position in Royal Gold by 38.1% during the first quarter. QRG Capital Management Inc. now owns 3,718 shares of the basic materials company's stock worth $608,000 after buying an additional 1,025 shares during the last quarter. Finally, City Center Advisors LLC bought a new position in Royal Gold during the first quarter valued at about $324,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD traded up $0.17 on Friday, hitting $159.96. 1,133,308 shares of the company were exchanged, compared to its average volume of 463,622. The company's 50 day moving average price is $176.67 and its two-hundred day moving average price is $161.65. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.14 and a beta of 0.44. Royal Gold, Inc. has a one year low of $125.69 and a one year high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.14. The firm had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The company's quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. Research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, July 3rd. Royal Gold's dividend payout ratio is presently 29.80%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen raised Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. 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 report on Monday, April 14th. Canaccord Genuity Group upped their price objective on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. CIBC lifted their target price on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. 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 report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $192.13.

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.