Wealth Enhancement Advisory Services LLC Acquires 11,435 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Wealth Enhancement Advisory Services LLC lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 61.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,963 shares of the basic materials company's stock after acquiring an additional 11,435 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Royal Gold were worth $4,899,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC boosted 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 purchasing an additional 454,934 shares during the period. Select Equity Group L.P. bought a new position in shares of Royal Gold during the fourth quarter worth approximately $55,825,000. Norges Bank acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $44,009,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Royal Gold in the fourth quarter valued at approximately $27,536,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Royal Gold by 181.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock valued at $39,846,000 after buying an additional 194,905 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

Shares of NASDAQ RGLD traded up $3.28 during mid-day trading on Thursday, hitting $179.96. 432,745 shares of the stock traded hands, compared to its average volume of 435,933. The firm has a 50 day simple moving average of $179.08 and a two-hundred day simple moving average of $158.85. Royal Gold, Inc. has a twelve month low of $122.69 and a twelve month high of $191.78. The company has a market cap of $11.84 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.28 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted 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 business had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. Royal Gold's quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

Analyst Ratings Changes

RGLD has been the subject of several research analyst reports. CIBC boosted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Canaccord Genuity Group upped their price objective on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Royal Bank Of Canada reduced their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Finally, Raymond James Financial lifted 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $185.33.

About Royal Gold

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.