Swiss National Bank Reduces Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Swiss National Bank has sold 1,900 shares of Royal Gold, Inc. (NASDAQ:RGLD), reducing its position by 1.5% to hold 127,400 shares worth approximately $20.83 million.
• Royal Gold recently posted an earnings per share (EPS) of $1.81 for the quarter, surpassing analysts' expectations and reflected a 20.4% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.45, indicating a 1.0% dividend yield and a payout ratio of 26.39%.

Swiss National Bank lowered its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 127,400 shares of the basic materials company's stock after selling 1,900 shares during the quarter. Swiss National Bank owned 0.19% of Royal Gold worth $20,831,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. PFG Investments LLC grew its stake 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 acquiring an additional 54 shares during the period. BCS Wealth Management grew its stake 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 acquiring an additional 63 shares during the period. NorthRock Partners LLC grew its stake 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 acquiring an additional 68 shares during the period. GoalVest Advisory LLC grew its stake 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 acquiring an additional 75 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake 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 acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Trading Up 1.1%

NASDAQ RGLD traded up $1.84 during trading hours on Friday, reaching $171.45. The company had a trading volume of 954,767 shares, compared to its average volume of 884,806. The stock has a 50-day moving average of $167.55 and a 200 day moving average of $165.42. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $191.78. The stock has a market capitalization of $11.29 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.20 and a beta of 0.40.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly 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 company had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same period in the prior year, the firm earned $1.25 earnings per share. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, sell-side analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 3rd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 3rd. Royal Gold's dividend payout ratio is presently 26.39%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RGLD. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. 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 research note on Thursday, May 8th. TD Securities reaffirmed a "buy" rating and set a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Wall Street Zen cut shares of Royal Gold from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Canaccord Genuity Group lifted their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.