Royal Gold, Inc. $RGLD Shares Acquired by Sprott Inc.

Key Points

• Sprott Inc. has increased its stake in Royal Gold, Inc. by 10.2% in the first quarter, now holding approximately 0.10% of the company valued at $10.76 million.
• Royal Gold recently reported a net revenue of $209.64 million for the quarter, exceeding estimates, with earnings per share of $1.81.
• The company declared a quarterly dividend of $0.45 per share, with a yield of 1.0%, to be paid on October 17th.

Sprott Inc. boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,833 shares of the basic materials company's stock after purchasing an additional 6,120 shares during the quarter. Sprott Inc. owned about 0.10% of Royal Gold worth $10,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PFG Investments LLC raised its position in Royal Gold by 0.9% in the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock valued at $971,000 after purchasing an additional 54 shares during the last quarter. BCS Wealth Management raised its position in Royal Gold by 0.3% in the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after purchasing an additional 63 shares during the last quarter. NorthRock Partners LLC raised its position in Royal Gold by 4.5% in the 1st quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company's stock valued at $259,000 after purchasing an additional 68 shares during the last quarter. GoalVest Advisory LLC raised its position in Royal Gold by 5.2% in the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock valued at $246,000 after purchasing an additional 75 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Royal Gold by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,471 shares of the basic materials company's stock valued at $2,203,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Stock Performance

Royal Gold stock traded up $2.69 during trading hours on Friday, reaching $177.44. 635,382 shares of the stock were exchanged, compared to its average volume of 857,318. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $191.78. The stock has a market cap of $11.68 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.30 and a beta of 0.40. The firm's 50 day moving average is $167.03 and its 200 day moving average is $166.82.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share 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 for the quarter, compared to analysts' expectations of $186.63 million. During the same period in the prior year, the company posted $1.25 EPS. The business's revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid 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 dividend yield of 1.0%. Royal Gold's dividend payout ratio is 26.39%.

Analyst Upgrades and Downgrades

RGLD has been the subject of several research reports. CIBC upped their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. TD Securities restated a "buy" rating and set a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of Royal Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Canaccord Genuity Group upped their price objective on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $198.63.

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.