Royal Gold, Inc. (NASDAQ:RGLD) is Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s 8th Largest Position

Key Points

• Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. has significantly increased its stake in Royal Gold, Inc., raising its holdings by 177.0% to approximately $1.02 million, making it the firm's 8th largest position.
• Royal Gold's most recent earnings report showed a 29.9% year-over-year revenue increase, with earnings per share of $1.51, exceeding estimates by $0.14.
• Analysts currently rate Royal Gold with a consensus of "Moderate Buy" and an average price target of $192.13, reflecting confidence in the company's growth potential.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 177.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,260 shares of the basic materials company's stock after purchasing an additional 4,000 shares during the quarter. Royal Gold comprises 4.4% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 8th biggest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings in Royal Gold were worth $1,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RGLD. PFG Investments LLC boosted its stake in Royal Gold by 0.9% during the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock worth $971,000 after purchasing an additional 54 shares during the period. BCS Wealth Management lifted its stake in shares of Royal Gold by 0.3% in the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock worth $3,385,000 after acquiring an additional 63 shares during the period. NorthRock Partners LLC lifted its stake in shares of Royal Gold by 4.5% in the 1st quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company's stock worth $259,000 after acquiring an additional 68 shares during the period. GoalVest Advisory LLC lifted its stake in shares of Royal Gold by 5.2% in the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock worth $246,000 after acquiring an additional 75 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Royal Gold by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock worth $2,871,000 after acquiring an additional 94 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RGLD shares. 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. Canaccord Genuity Group raised their price objective on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $166.00 to $189.00 in a research note on Monday, April 14th. CIBC raised their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen cut shares of Royal Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Royal Gold currently has an average rating of "Moderate Buy" and a consensus target price of $192.13.

Royal Gold Stock Performance

NASDAQ:RGLD traded up $3.75 during mid-day trading on Tuesday, hitting $160.18. 1,411,182 shares of the company's stock traded hands, compared to its average volume of 614,509. The firm's 50 day simple moving average is $169.91 and its 200 day simple moving average is $163.97. Royal Gold, Inc. has a 1 year low of $127.31 and a 1 year high of $191.78. The company has a market cap of $10.54 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.08 and a beta of 0.40.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. The business had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The company's quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. Royal Gold's payout ratio is 29.80%.

Royal Gold Company 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.