Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake of 25,970 shares in Royal Gold, Inc., valued at approximately $4.25 million, according to a recent SEC filing.
• Royal Gold reported a quarterly earnings per share of $1.51, exceeding analyst estimates of $1.37, with a revenue increase of 29.9% year-over-year to $193.44 million.
• Royal Gold's stock has a market cap of $10.00 billion, with an average price target of $192.13 from analysts, indicating a consensus rating of "Moderate Buy."

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,970 shares of the basic materials company's stock, valued at approximately $4,246,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RGLD. Capital World Investors increased its holdings in Royal Gold by 0.4% in the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock valued at $1,156,842,000 after acquiring an additional 37,648 shares during the last quarter. Northern Trust Corp increased its holdings in Royal Gold by 19.6% in the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock valued at $135,730,000 after acquiring an additional 168,569 shares during the last quarter. AQR Capital Management LLC increased its holdings in Royal Gold by 18.1% in the 4th quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock valued at $131,412,000 after acquiring an additional 152,599 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Royal Gold by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company's stock valued at $115,735,000 after acquiring an additional 49,206 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Royal Gold by 17,722.4% in the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock valued at $74,806,000 after acquiring an additional 454,934 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Down 2.0%

RGLD stock opened at $151.93 on Tuesday. Royal Gold, Inc. has a 12 month low of $125.68 and a 12 month high of $191.78. The company has a 50-day moving average price of $172.51 and a 200 day moving average price of $163.40. The stock has a market cap of $10.00 billion, a PE ratio of 25.15, a P/E/G ratio of 1.10 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.14. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The company had revenue of $193.44 million during the quarter, compared to analysts' expectations of $176.17 million. During the same period in the previous year, the company earned $0.91 EPS. The firm's quarterly revenue was up 29.9% on a year-over-year basis. Sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were issued a $0.45 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. Royal Gold's dividend payout ratio is currently 29.80%.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of research reports. Royal Bank Of Canada reduced their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Canaccord Genuity Group lifted their price objective on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Raymond James Financial lifted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Royal Gold has an average rating of "Moderate Buy" and a consensus target price of $192.13.

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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