Universal Beteiligungs und Servicegesellschaft mbH Has $1.91 Million Stock Position in Royal Gold, Inc. $RGLD

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 58.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,746 shares of the basic materials company’s stock after selling 15,224 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Royal Gold were worth $1,911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 46,956 shares in the last quarter. Geode Capital Management LLC grew its position in Royal Gold by 3.6% during the second quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock valued at $311,457,000 after purchasing an additional 61,352 shares in the last quarter. AQR Capital Management LLC increased its stake in Royal Gold by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock valued at $274,887,000 after buying an additional 685,857 shares during the period. Findlay Park Partners LLP lifted its position in Royal Gold by 1.4% in the 1st 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. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Royal Gold by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock valued at $152,628,000 after buying an additional 55,685 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

RGLD stock opened at $192.38 on Wednesday. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. The company has a 50-day moving average of $189.08 and a two-hundred day moving average of $178.53. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $209.42.

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

Royal Gold Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on RGLD. TD Cowen upped their price target on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. CIBC lifted their target price on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Bank of America lifted their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, October 16th. Finally, TD Securities reiterated a “buy” rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $225.40.

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.