Victory Capital Management Inc. Raises Position in Royal Gold, Inc. (NASDAQ:RGLD)

Victory Capital Management Inc. raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 117.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 415,179 shares of the basic materials company's stock after purchasing an additional 223,870 shares during the period. Victory Capital Management Inc. owned 0.63% of Royal Gold worth $67,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in RGLD. PFG Investments LLC boosted its holdings in Royal Gold by 0.9% in the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock worth $971,000 after buying an additional 54 shares during the period. BCS Wealth Management boosted its holdings in shares of Royal Gold by 0.3% in the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after buying an additional 63 shares in the last quarter. GoalVest Advisory LLC increased its holdings in Royal Gold by 5.2% during the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock valued at $246,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. increased its stake in Royal Gold by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after purchasing an additional 94 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Royal Gold by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,471 shares of the basic materials company's stock worth $2,203,000 after purchasing an additional 100 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Trading Down 1.6%

Shares of NASDAQ RGLD opened at $155.11 on Friday. The company has a market cap of $10.21 billion, a PE ratio of 25.68, a P/E/G ratio of 1.11 and a beta of 0.44. Royal Gold, Inc. has a 1-year low of $125.69 and a 1-year high of $191.78. The company has a 50-day moving average of $174.78 and a two-hundred day moving average of $161.94.

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 for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. The firm had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The business's quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. As a group, equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, July 3rd. Royal Gold's payout ratio is currently 29.80%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RGLD shares. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. CIBC upped their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Royal Bank Of Canada decreased their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Raymond James Financial increased their target price on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $166.00 to $189.00 in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $192.13.

Royal Gold 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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