Royal Gold, Inc. $RGLD Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,700 shares of the basic materials company’s stock after selling 1,700 shares during the quarter. Swiss National Bank owned approximately 0.19% of Royal Gold worth $22,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Ensign Peak Advisors Inc boosted its holdings in Royal Gold by 20.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 34,330 shares of the basic materials company’s stock valued at $6,105,000 after purchasing an additional 5,897 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new position in Royal Gold in the second quarter valued at approximately $22,141,000. ANB Bank purchased a new position in Royal Gold in the second quarter worth approximately $209,000. Intech Investment Management LLC grew its position in Royal Gold by 11.4% in the second quarter. Intech Investment Management LLC now owns 18,435 shares of the basic materials company’s stock worth $3,278,000 after acquiring an additional 1,891 shares during the period. Finally, Cetera Investment Advisers increased its stake in Royal Gold by 19.3% during the second quarter. Cetera Investment Advisers now owns 9,149 shares of the basic materials company’s stock worth $1,627,000 after acquiring an additional 1,483 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RGLD shares. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Bank of America upped their target price on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, October 16th. Raymond James Financial set a $264.00 price target on shares of Royal Gold in a research report on Thursday, November 6th. TD Cowen boosted their price target on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.40.

Royal Gold Trading Up 0.8%

Shares of NASDAQ RGLD opened at $192.38 on Wednesday. The company’s 50-day moving average price is $189.08 and its 200 day moving average price is $178.53. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $209.42. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 0.96 and a beta of 0.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The business had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $275.11 million. During the same period last year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a $0.475 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 26.10%.

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.