United Services Automobile Association Buys Shares of 4,240 Royal Gold, Inc. $RGLD

Key Points

• United Services Automobile Association recently acquired 4,240 shares of Royal Gold, Inc. (NASDAQ:RGLD), valued at approximately $688,000, as disclosed in its 13F filing with the SEC.
• Royal Gold's stock received mixed ratings from analysts, with Zacks lowering its rating to "hold" while TD Securities raised its price target to $237.00.
• The company announced a quarterly dividend of $0.45 per share, which will be paid on October 17th, representing an annualized yield of 1.0%.

United Services Automobile Association purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,240 shares of the basic materials company's stock, valued at approximately $688,000.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in Royal Gold during the first quarter valued at about $27,000. Alpine Bank Wealth Management purchased a new position in Royal Gold in the 1st quarter valued at about $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold in the first quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Royal Gold during the 1st quarter valued at about $40,000. Finally, Bayforest Capital Ltd grew its stake in shares of Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock valued at $40,000 after buying an additional 177 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD traded up $0.13 during trading on Friday, hitting $189.32. The company's stock had a trading volume of 616,041 shares, compared to its average volume of 677,227. The stock's 50-day moving average price is $167.93 and its two-hundred day moving average price is $170.02. The company has a market capitalization of $12.46 billion, a PE ratio of 27.76, a PEG ratio of 1.38 and a beta of 0.43. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $191.78.

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, beating the consensus estimate of $1.70 by $0.11. The business had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business's revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, October 3rd. Royal Gold's payout ratio is presently 26.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RGLD shares. Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the company a "market perform" rating in a research report on Thursday, May 22nd. TD Securities reiterated a "buy" rating and set a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Canaccord Genuity Group increased their price target on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Finally, Wall Street Zen upgraded shares of 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 given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $198.63.

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.