Warburton Capital Management LLC Acquires Shares of 1,374 Royal Gold, Inc. $RGLD

Warburton Capital Management LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,374 shares of the basic materials company's stock, valued at approximately $244,000.

A number of other large investors have also recently made changes to their positions in the stock. NorthRock Partners LLC grew its stake in shares of Royal Gold by 4.5% in the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company's stock worth $259,000 after acquiring an additional 68 shares during the period. Blue Trust Inc. grew its stake in shares of Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company's stock worth $35,000 after acquiring an additional 71 shares during the period. Signaturefd LLC grew its stake in shares of Royal Gold by 7.5% in the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company's stock worth $189,000 after acquiring an additional 74 shares during the period. Intech Investment Management LLC grew its stake in shares of Royal Gold by 0.5% in the first quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company's stock worth $2,705,000 after acquiring an additional 78 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Royal Gold by 2.9% in the second quarter. Parallel Advisors LLC now owns 2,797 shares of the basic materials company's stock worth $497,000 after acquiring an additional 80 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Down 0.1%

Royal Gold stock opened at $183.41 on Friday. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.99 and a beta of 0.41. The firm's fifty day moving average is $188.36 and its 200 day moving average is $177.94. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $209.42.

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 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 56.24% and a return on equity of 13.30%. The business's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. On average, equities research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a $0.45 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold's dividend payout ratio is presently 26.39%.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several recent research reports. CIBC boosted their target price on shares of Royal Gold from $225.00 to $250.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. Zacks Research upgraded shares of Royal Gold from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 17th. Weiss Ratings restated a "buy (b)" rating on shares of Royal Gold in a research report on Wednesday, October 8th. Raymond James Financial set a $257.00 price target on shares of Royal Gold and gave the company an "outperform" rating in a report on Tuesday. Finally, BMO Capital Markets set a $240.00 price target on shares of Royal Gold and gave the company an "outperform" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Royal Gold has a consensus rating of "Moderate Buy" and a consensus price target of $220.44.

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.

Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.