James Investment Research Inc. purchased a new stake in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,061 shares of the basic materials company’s stock, valued at approximately $96,000.
Other hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in Royal Gold by 8,465.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock worth $26,000 after buying an additional 2,184,139 shares in the last quarter. Norges Bank purchased a new position in Royal Gold during the fourth quarter worth approximately $82,113,000. Van ECK Associates Corp lifted its position in Royal Gold by 20.9% during the fourth quarter. Van ECK Associates Corp now owns 4,811,625 shares of the basic materials company’s stock worth $412,116,000 after buying an additional 831,019 shares in the last quarter. Clearbridge Investments LLC lifted its position in Royal Gold by 52,558.9% during the third quarter. Clearbridge Investments LLC now owns 582,934 shares of the basic materials company’s stock worth $44,921,000 after buying an additional 581,827 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Royal Gold by 182.5% during the fourth quarter. Deutsche Bank AG now owns 442,460 shares of the basic materials company’s stock worth $37,895,000 after buying an additional 285,839 shares in the last quarter. Institutional investors own 79.89% of the company’s stock.
RGLD has been the topic of a number of research analyst reports. BidaskClub upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Desjardins downgraded Royal Gold from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. TD Securities lifted their target price on Royal Gold from $92.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, February 11th. Raymond James restated an “outperform” rating and issued a $95.00 target price on shares of Royal Gold in a research report on Friday, February 8th. Finally, BMO Capital Markets downgraded Royal Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $95.75.
RGLD traded down $0.46 on Wednesday, hitting $84.56. 234,472 shares of the company were exchanged, compared to its average volume of 424,676. Royal Gold, Inc has a twelve month low of $70.16 and a twelve month high of $98.53. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 48.05, a PEG ratio of 5.65 and a beta of 0.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.39 and a quick ratio of 5.13.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Royal Gold had a return on equity of 4.36% and a net margin of 22.19%. The company had revenue of $109.80 million for the quarter, compared to analyst estimates of $115.32 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts anticipate that Royal Gold, Inc will post 1.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 1.25%. Royal Gold’s dividend payout ratio is currently 60.23%.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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