Tiemann Investment Advisors LLC Makes New $922,000 Investment in Royal Gold, Inc. $RGLD

Key Points

• Tiemann Investment Advisors initiated a roughly $922,000 position in Royal Gold during the second quarter by purchasing 4,619 shares. Institutional investors collectively own 83.65% of the company.
• Royal Gold reported quarterly EPS of $2.56, narrowly exceeding estimates, while revenue surged 114.9% year over year to $468.98 million.
• Analyst sentiment is mixed: the stock carries a consensus “Hold” rating with a $285.10 target price, despite several “Buy” ratings and recent downgrades from Weiss Ratings and Zacks Research.

Tiemann Investment Advisors LLC bought a new stake in 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 & Exchange Commission. The firm bought 4,619 shares of the basic materials company's stock, valued at approximately $922,000.

Several other institutional investors also recently made changes to their positions in RGLD. Goldman Sachs Group Inc. increased its holdings in shares of Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company's stock valued at $27,608,000 after purchasing an additional 84,206 shares in the last quarter. Focus Partners Wealth boosted its holdings in Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company's stock worth $1,384,000 after buying an additional 2,876 shares in the last quarter. Brown Advisory Inc. grew its position in Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company's stock worth $631,000 after buying an additional 796 shares during the period. Qube Research & Technologies Ltd grew its position in Royal Gold by 43.0% during the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company's stock worth $33,478,000 after buying an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Royal Gold by 4.6% in the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company's stock valued at $4,366,000 after buying an additional 1,072 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president owned 8,582 shares of the company's stock, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of research reports. UBS Group lifted their price target on shares of Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Jefferies Financial Group lowered their price target on Royal Gold from $318.00 to $311.00 and set a "buy" rating on the stock in a report on Monday, July 6th. Scotiabank reaffirmed a "sector perform" rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Weiss Ratings downgraded Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Finally, Zacks Research cut Royal Gold from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Royal Gold has a consensus rating of "Hold" and a consensus target price of $285.10.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $236.62 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The company's 50-day moving average price is $206.65 and its 200 day moving average price is $237.32. Royal Gold, Inc. has a 52 week low of $166.51 and a 52 week high of $306.25. The stock has a market cap of $20.05 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.74 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. The company had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company's revenue for the quarter was up 114.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.81 earnings per share. As a group, research analysts forecast that Royal Gold, Inc. will post 10.33 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold's dividend payout ratio is presently 20.74%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source