BFI Infinity Ltd. Has $405,000 Position in Royal Gold, Inc. $RGLD

BFI Infinity Ltd. increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,280 shares of the basic materials company’s stock after buying an additional 222 shares during the period. Royal Gold comprises approximately 0.3% of BFI Infinity Ltd.’s portfolio, making the stock its 28th largest position. BFI Infinity Ltd.’s holdings in Royal Gold were worth $405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. AQR Capital Management LLC raised its stake in shares of Royal Gold by 68.8% during the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock valued at $274,887,000 after acquiring an additional 685,857 shares during the last quarter. GAMMA Investing LLC raised its position in Royal Gold by 17,722.4% during the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company’s stock worth $74,806,000 after purchasing an additional 454,934 shares during the last quarter. Nuveen LLC acquired a new position in Royal Gold during the 1st quarter worth about $40,882,000. Victory Capital Management Inc. grew its position in shares of Royal Gold by 117.0% in the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company’s stock valued at $67,886,000 after buying an additional 223,870 shares during the last quarter. Finally, Copeland Capital Management LLC increased its stake in shares of Royal Gold by 106,046.2% in the first quarter. Copeland Capital Management LLC now owns 137,990 shares of the basic materials company’s stock valued at $22,563,000 after buying an additional 137,860 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of RGLD opened at $198.50 on Tuesday. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $201.00. The company has a market cap of $13.07 billion, a PE ratio of 29.11, a P/E/G ratio of 1.56 and a beta of 0.43. The stock has a 50-day moving average of $175.21 and a 200-day moving average of $173.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly 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. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same quarter in the prior year, the company earned $1.25 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm 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 of this dividend 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 presently 26.39%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, TD Securities reissued a “buy” rating and set a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.63.

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.