Brighton Jones LLC Purchases New Position in Royal Gold, Inc. $RGLD

Brighton Jones LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,938 shares of the basic materials company’s stock, valued at approximately $878,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Royal Gold by 0.7% in 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 buying an additional 46,956 shares in the last quarter. AQR Capital Management LLC raised its stake in Royal Gold by 68.8% in 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 buying an additional 685,857 shares in the last quarter. Findlay Park Partners LLP raised its stake in Royal Gold by 1.4% in 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 buying an additional 16,600 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Royal Gold by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock worth $152,628,000 after buying an additional 55,685 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Royal Gold by 2.3% in the first quarter. Invesco Ltd. now owns 776,840 shares of the basic materials company’s stock worth $127,021,000 after buying an additional 17,649 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of recent research reports. Scotiabank reissued an “outperform” rating on shares of Royal Gold in a research note on Thursday, October 23rd. Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Bank of America lifted their price target on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. BMO Capital Markets set a $240.00 price target on shares of Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $220.44.

Royal Gold Price Performance

Shares of RGLD opened at $180.59 on Wednesday. The firm has a market capitalization of $11.89 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.41. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $209.42. The company’s fifty day moving average price is $188.98 and its 200-day moving average price is $178.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. The firm had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. As a group, research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s payout ratio is 26.39%.

Royal Gold Company 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.