Voya Investment Management LLC Increases Position in Royal Gold, Inc. $RGLD

Key Points

• Voya Investment Management LLC increased its stake in Royal Gold, Inc. by 60.7%, now owning 68,544 shares worth approximately $11.2 million after acquiring 25,878 shares in Q1.
• Royal Gold reported earnings of $1.81 per share for the last quarter, exceeding estimates, with revenue up 20.4% year-over-year.
• The company announced a quarterly dividend of $0.45 per share, scheduled for payment on October 17th, representing an annualized yield of 0.9%.

Voya Investment Management LLC grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 60.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,544 shares of the basic materials company's stock after buying an additional 25,878 shares during the quarter. Voya Investment Management LLC owned 0.10% of Royal Gold worth $11,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oxbow Advisors LLC lifted its holdings in shares of Royal Gold by 1.8% during the 1st quarter. Oxbow Advisors LLC now owns 116,887 shares of the basic materials company's stock valued at $19,112,000 after buying an additional 2,039 shares during the period. Kaufman Rossin Wealth LLC bought a new position in shares of Royal Gold during the 1st quarter valued at $278,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Royal Gold by 8.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,196 shares of the basic materials company's stock valued at $4,447,000 after buying an additional 2,015 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Royal Gold by 38.1% during the 1st quarter. QRG Capital Management Inc. now owns 3,718 shares of the basic materials company's stock valued at $608,000 after buying an additional 1,025 shares during the period. Finally, City Center Advisors LLC bought a new position in shares of Royal Gold during the 1st quarter valued at $324,000. 83.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Royal Gold Stock Up 1.9%

RGLD stock traded up $3.65 during trading on Friday, reaching $191.67. The company's stock had a trading volume of 4,324,266 shares, compared to its average volume of 719,789. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $196.00. The company has a market capitalization of $12.62 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 1.49 and a beta of 0.43. The company's fifty day moving average is $170.83 and its 200-day moving average is $171.51.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) 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 analysts' expectations 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 previous year, the firm posted $1.25 earnings per share. Analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 0.9%. Royal Gold's dividend payout ratio (DPR) is currently 26.39%.

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.