Vontobel Holding Ltd. Has $295,000 Stock Holdings in Royal Gold, Inc. $RGLD

Vontobel Holding Ltd. grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 17.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,659 shares of the basic materials company’s stock after purchasing an additional 243 shares during the quarter. Vontobel Holding Ltd.’s holdings in Royal Gold were worth $295,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Royal Gold by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company’s stock worth $1,095,336,000 after acquiring an additional 46,956 shares in the last quarter. AQR Capital Management LLC increased its position 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 worth $274,887,000 after acquiring an additional 685,857 shares in the last quarter. Findlay Park Partners LLP increased its position in shares of Royal Gold by 1.4% during the first quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company’s stock worth $202,921,000 after acquiring an additional 16,600 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Royal Gold by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock worth $152,628,000 after acquiring an additional 55,685 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Royal Gold by 2.3% during the first quarter. Invesco Ltd. now owns 776,840 shares of the basic materials company’s stock worth $127,021,000 after acquiring an additional 17,649 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of RGLD opened at $202.24 on Thursday. The firm has a 50-day moving average of $185.82 and a 200-day moving average of $176.74. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $206.49. The company has a market cap of $13.31 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.58 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The company had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. During the same quarter last year, the firm posted $1.25 EPS. 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 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 26.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. CIBC raised 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. TD Securities reaffirmed a “buy” rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $203.00.

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.