Sylvest Advisors LLC Buys 1,974 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Sylvest Advisors LLC raised its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 86.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,269 shares of the basic materials company's stock after acquiring an additional 1,974 shares during the quarter. Sylvest Advisors LLC's holdings in Royal Gold were worth $698,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Royal Gold in the fourth quarter valued at $741,000. Arizona State Retirement System lifted its stake in Royal Gold by 0.8% in the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock valued at $2,515,000 after acquiring an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Royal Gold by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock valued at $63,843,000 after purchasing an additional 5,067 shares during the period. QRG Capital Management Inc. raised its position in shares of Royal Gold by 38.1% in the first quarter. QRG Capital Management Inc. now owns 3,718 shares of the basic materials company's stock valued at $608,000 after purchasing an additional 1,025 shares during the period. Finally, City Center Advisors LLC bought a new position in shares of Royal Gold in the first quarter valued at about $324,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Trading Down 2.7%

RGLD opened at $178.14 on Wednesday. The company's 50 day moving average is $179.27 and its 200-day moving average is $158.73. Royal Gold, Inc. has a 1-year low of $122.51 and a 1-year high of $191.78. The company has a market cap of $11.73 billion, a P/E ratio of 29.49, a PEG ratio of 1.31 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same period last year, the company posted $0.91 EPS. The firm's quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities analysts forecast 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 will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.01%. Royal Gold's dividend payout ratio is presently 29.80%.

Wall Street Analysts Forecast Growth

RGLD has been the topic of several research analyst reports. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $166.00 to $189.00 in a research report on Monday, April 14th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Raymond James Financial increased their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Canaccord Genuity Group raised their price target on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $185.33.

About Royal Gold

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.

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