Twin Tree Management LP Acquires 33,628 Shares of Royal Gold, Inc. $RGLD

Key Points

• Twin Tree Management LP increased its stake in Royal Gold, Inc. by 352.1% during the first quarter, owning 43,178 shares worth approximately $7.06 million.
• Royal Gold announced a $0.45 per share quarterly dividend with a yield of 1.0%, set to pay on October 17 for shareholders of record as of October 3.
• The company's latest earnings report showed a 20.4% increase in revenue year-over-year, with an EPS of $1.81 exceeding estimates by $0.11.

Twin Tree Management LP lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 352.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,178 shares of the basic materials company's stock after purchasing an additional 33,628 shares during the quarter. Twin Tree Management LP owned about 0.07% of Royal Gold worth $7,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northern Trust Corp lifted its position in Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after purchasing an additional 168,569 shares during the period. Comerica Bank lifted its position in Royal Gold by 12.6% in the fourth quarter. Comerica Bank now owns 23,673 shares of the basic materials company's stock worth $3,121,000 after purchasing an additional 2,640 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Royal Gold by 1,837.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 45,676 shares of the basic materials company's stock worth $6,022,000 after purchasing an additional 43,318 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Royal Gold by 173.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,002 shares of the basic materials company's stock worth $528,000 after purchasing an additional 2,537 shares during the period. Finally, Algert Global LLC lifted its position in Royal Gold by 28.7% in the fourth quarter. Algert Global LLC now owns 26,774 shares of the basic materials company's stock worth $3,530,000 after purchasing an additional 5,964 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. CIBC upped their target price on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Canaccord Genuity Group upped their price target on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. TD Securities reaffirmed a "buy" rating and issued a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $198.63.

Royal Gold Stock Down 0.2%

Shares of NASDAQ:RGLD traded down $0.44 during trading on Thursday, reaching $180.47. 396,528 shares of the company traded hands, compared to its average volume of 633,320. The firm has a fifty day simple moving average of $166.90 and a 200 day simple moving average of $168.27. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $191.78. The firm has a market cap of $11.88 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.31 and a beta of 0.43.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. During the same period last year, the company earned $1.25 earnings per share. Royal Gold's quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Royal Gold's payout ratio 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.