TrueMark Investments LLC Makes New Investment in Royal Gold, Inc. $RGLD

Key Points

• TrueMark Investments LLC has acquired 1,706 shares of Royal Gold, Inc., valued at approximately $303,000, reflecting continued interest from institutional investors in the company.
• Royal Gold reported strong quarterly earnings, with an EPS of $1.81, beating expectations, and a revenue increase of 20.4% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.45 per share, yielding 0.9%, with a payout ratio of 26.39%.

TrueMark Investments LLC acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,706 shares of the basic materials company's stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RGLD. GAMMA Investing LLC grew its position in Royal Gold by 9.0% during the 1st quarter. GAMMA Investing LLC now owns 2,798 shares of the basic materials company's stock worth $458,000 after purchasing an additional 231 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Royal Gold by 61.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,963 shares of the basic materials company's stock valued at $4,899,000 after acquiring an additional 11,435 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Royal Gold by 44.9% in the first quarter. Janney Montgomery Scott LLC now owns 17,725 shares of the basic materials company's stock valued at $2,898,000 after acquiring an additional 5,496 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Royal Gold in the first quarter valued at about $214,000. Finally, QRG Capital Management Inc. boosted its holdings 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 acquiring an additional 1,025 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Down 6.2%

Shares of NASDAQ RGLD opened at $193.76 on Monday. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $209.42. The firm has a 50-day moving average price of $187.14 and a 200 day moving average price of $177.39. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.41.

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

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Royal Gold's payout ratio is presently 26.39%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Gold in a report on Wednesday, October 8th. TD Securities reaffirmed a "buy" rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Bank of America lifted their target price on shares of Royal Gold from $193.00 to $203.00 and gave the company an "underperform" rating in a report on Thursday. Wall Street Zen raised shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $203.00.

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.

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