U S Global Investors Inc. Buys 6,662 Shares of Royal Gold, Inc. $RGLD

Key Points

• U S Global Investors Inc. increased its stake in Royal Gold by 9.0%, purchasing an additional 6,662 shares, bringing their total to 80,839 shares, valued at approximately $14.4 million.
• Royal Gold reported quarterly earnings of $1.81 EPS, surpassing analysts' estimates of $1.70, with a revenue increase of 20.4% year-over-year to $209.64 million.
• The company declared a quarterly dividend of $0.45 per share, with an ex-dividend date of October 3rd, translating to an annualized dividend yield of 0.9%.

U S Global Investors Inc. increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 9.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,839 shares of the basic materials company's stock after purchasing an additional 6,662 shares during the quarter. Royal Gold accounts for 1.7% of U S Global Investors Inc.'s holdings, making the stock its 20th biggest holding. U S Global Investors Inc. owned approximately 0.12% of Royal Gold worth $14,376,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of RGLD. Farther Finance Advisors LLC increased its position in shares of Royal Gold by 29.5% during the 1st quarter. Farther Finance Advisors LLC now owns 812 shares of the basic materials company's stock valued at $133,000 after purchasing an additional 185 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Royal Gold in the 1st quarter valued at $1,254,000. GAMMA Investing LLC grew its position in Royal Gold by 9.0% in the 1st quarter. GAMMA Investing LLC now owns 2,798 shares of the basic materials company's stock valued at $458,000 after acquiring an additional 231 shares during the last quarter. Fifth Third Bancorp grew its position in Royal Gold by 50.7% in the 1st quarter. Fifth Third Bancorp now owns 871 shares of the basic materials company's stock valued at $142,000 after acquiring an additional 293 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC bought a new position in Royal Gold in the 1st quarter valued at $503,000. Institutional investors own 83.65% of the company's stock.

Royal Gold Trading Up 0.9%

RGLD opened at $194.47 on Friday. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $206.49. The business's fifty day simple moving average is $183.35 and its 200-day simple moving average is $175.92. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.52 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $186.63 million. During the same quarter in the prior year, the company earned $1.25 EPS. The business's revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given 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 is presently 26.39%.

Analyst Upgrades and Downgrades

RGLD has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Gold in a research report on Wednesday. TD Securities reaffirmed a "buy" rating and issued a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. CIBC upped their price objective on Royal Gold from $225.00 to $250.00 and gave the company a "neutral" rating in a research report on Friday. Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $203.00.

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.

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