USA Financial Formulas Acquires Shares of 1,524 Royal Gold, Inc. $RGLD

Key Points

• USA Financial Formulas has acquired 1,524 shares of Royal Gold, Inc. ($RGLD), valued at approximately $271,000, during the second quarter.
• Royal Gold recently announced a quarterly dividend of $0.45 per share, which will be paid on October 17th, representing a yield of 0.9%.
• The company exceeded earnings expectations with reported earnings of $1.81 per share and revenue of $209.64 million for the last quarter, reflecting a 20.4% year-over-year revenue increase.

USA Financial Formulas acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,524 shares of the basic materials company's stock, valued at approximately $271,000.

A number of other hedge funds have also recently bought and sold shares of RGLD. WPG Advisers LLC bought a new position in Royal Gold in the 1st quarter valued at $27,000. Alpine Bank Wealth Management bought a new position in Royal Gold in the 1st quarter valued at $32,000. Banque Cantonale Vaudoise bought a new position in Royal Gold in the 1st quarter valued at $34,000. Bayforest Capital Ltd boosted its position in 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 last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Royal Gold in the 1st quarter valued at $40,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Down 0.2%

NASDAQ:RGLD opened at $200.09 on Thursday. The stock's fifty day simple moving average is $176.91 and its 200-day simple moving average is $173.85. The firm has a market capitalization of $13.17 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.59 and a beta of 0.41. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $203.18.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.11. The firm 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 company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. As a group, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Canaccord Genuity Group increased their price objective on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. TD Securities restated a "buy" rating and issued a $237.00 price target (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Royal Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Royal Gold has an average rating of "Moderate Buy" and an average price target of $198.63.

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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