2,464 Shares in Royal Gold, Inc. $RGLD Purchased by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. has invested approximately $438,000 in Royal Gold, purchasing 2,464 shares of the company.
• Royal Gold reported a quarterly earnings per share of $1.81, surpassing analysts' expectations of $1.70, and noted a 20.4% increase in year-over-year revenue.
• The company declared a quarterly dividend of $0.45, which will be paid on October 17th, representing a yield of 0.9% and a payout ratio of 26.39%.

Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,464 shares of the basic materials company's stock, valued at approximately $438,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Financial Group LLC increased its stake in shares of Royal Gold by 7.8% in the second quarter. Fiduciary Financial Group LLC now owns 1,949 shares of the basic materials company's stock worth $346,000 after acquiring an additional 141 shares during the period. Swedbank AB grew its position in shares of Royal Gold by 75.1% in the first quarter. Swedbank AB now owns 207,155 shares of the basic materials company's stock valued at $33,872,000 after purchasing an additional 88,828 shares during the period. Voya Investment Management LLC lifted its stake in shares of Royal Gold by 60.7% in the first quarter. Voya Investment Management LLC now owns 68,544 shares of the basic materials company's stock worth $11,208,000 after buying an additional 25,878 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Royal Gold in the first quarter worth about $548,000. Finally, Strs Ohio purchased a new position in shares of Royal Gold in the first quarter worth about $1,620,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on RGLD. Zacks Research downgraded shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Wall Street Zen upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Canaccord Genuity Group boosted their price target on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Finally, TD Securities reiterated a "buy" rating and issued a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $198.63.

Royal Gold Stock Up 1.9%

RGLD stock traded up $3.65 during midday trading on Friday, hitting $191.67. 4,324,266 shares of the company traded hands, compared to its average volume of 719,789. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $196.00. The business has a 50 day simple moving average of $170.83 and a 200-day simple moving average of $171.51. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.49 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.11. The company had revenue of $209.64 million during the quarter, compared to analysts' expectations of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.Royal Gold's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. Equities research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued 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 0.9%. Royal Gold's dividend payout ratio (DPR) is presently 26.39%.

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.