Global Assets Advisory LLC Acquires New Position in Royal Gold, Inc. (NASDAQ:RGLD)

Global Assets Advisory LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,884 shares of the basic materials company’s stock, valued at approximately $304,000.

Other large investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC grew its stake in shares of Royal Gold by 6.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,854 shares of the basic materials company’s stock valued at $244,000 after buying an additional 110 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Royal Gold in the 4th quarter valued at approximately $409,000. IFP Advisors Inc grew its stake in shares of Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock valued at $52,000 after buying an additional 158 shares during the period. Amalgamated Bank grew its stake in shares of Royal Gold by 0.6% in the 4th quarter. Amalgamated Bank now owns 31,521 shares of the basic materials company’s stock valued at $4,156,000 after buying an additional 182 shares during the period. Finally, Sprott Inc. grew its stake in shares of Royal Gold by 29.2% in the 4th quarter. Sprott Inc. now owns 59,713 shares of the basic materials company’s stock valued at $7,873,000 after buying an additional 13,482 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the company a “market perform” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Wall Street Zen raised shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. CIBC increased their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Finally, Canaccord Genuity Group increased their price target on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $185.33.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $176.68 on Thursday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 29.25, a PEG ratio of 1.28 and a beta of 0.44. The company has a 50 day moving average price of $179.08 and a 200 day moving average price of $158.85. Royal Gold, Inc. has a fifty-two week low of $122.69 and a fifty-two week high of $191.78.

Royal Gold (NASDAQ:RGLD) (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, topping analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $193.44 million during the quarter, compared to analysts’ expectations of $176.17 million. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. Research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.02%. Royal Gold’s dividend payout ratio (DPR) is presently 29.80%.

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.