Significant Wealth Partners LLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,644 shares of the basic materials company's stock, valued at approximately $269,000.
Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Royal Gold by 17,722.4% in the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock valued at $74,806,000 after purchasing an additional 454,934 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Royal Gold in the 4th quarter valued at approximately $55,825,000. Norges Bank bought a new stake in shares of Royal Gold during the 4th quarter worth approximately $44,009,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Royal Gold during the 4th quarter worth approximately $27,536,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Royal Gold by 181.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock worth $39,846,000 after acquiring an additional 194,905 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.
Royal Gold Stock Up 0.1%
Shares of RGLD stock traded up $0.17 on Friday, hitting $159.96. The company had a trading volume of 1,133,308 shares, compared to its average volume of 463,106. The firm has a market cap of $10.53 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 1.14 and a beta of 0.44. The company has a 50-day moving average price of $176.67 and a 200-day moving average price of $161.46. Royal Gold, Inc. has a twelve month low of $125.69 and a twelve month high of $191.78.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The company had revenue of $193.44 million during the quarter, compared to analysts' expectations of $176.17 million. During the same quarter in the prior year, the firm posted $0.91 EPS. Royal Gold's quarterly revenue was up 29.9% compared to the same quarter last year. Equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.
Royal Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.13%. Royal Gold's dividend payout ratio (DPR) is currently 29.80%.
Wall Street Analysts Forecast Growth
RGLD has been the subject of a number of research analyst reports. Canaccord Genuity Group raised their price target on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. CIBC lifted their target price on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Raymond James Financial lifted their target price on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Royal Bank Of Canada decreased their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.13.
Check Out Our Latest Report on RGLD
Royal Gold Profile
(
Free Report)
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.
Featured Stories
Before you consider Royal Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Gold wasn't on the list.
While Royal Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
