Royal Gold, Inc. $RGLD Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,895 shares of the basic materials company’s stock after purchasing an additional 1,095 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Royal Gold were worth $4,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in Royal Gold in the 1st quarter valued at about $27,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 148 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Royal Gold in the 1st quarter worth approximately $34,000. Blue Trust Inc. lifted its holdings in shares of Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 71 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in shares of Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 177 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Up 1.7%

Shares of RGLD opened at $180.59 on Wednesday. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $209.42. The firm’s 50 day moving average price is $188.98 and its 200 day moving average price is $178.53. The company has a market cap of $11.89 billion, a P/E ratio of 26.48, a PEG ratio of 0.96 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 for the quarter, compared to the consensus estimate of $186.63 million. During the same period in the prior year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given a $0.45 dividend. 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 dividend payout ratio is currently 26.39%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America upped their price objective 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. Raymond James Financial set a $257.00 price objective on shares of Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Scotiabank restated an “outperform” rating on shares of Royal Gold in a report on Thursday, October 23rd. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, TD Securities reaffirmed a “buy” rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and a consensus price target of $220.44.

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.