Stephens Inc. AR Increases Stock Position in Royal Gold, Inc. $RGLD

Stephens Inc. AR lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 49.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,100 shares of the basic materials company’s stock after buying an additional 9,999 shares during the quarter. Stephens Inc. AR’s holdings in Royal Gold were worth $5,353,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Royal Gold during the 1st quarter valued at approximately $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Royal Gold during the 1st quarter valued at approximately $32,000. Blue Trust Inc. lifted its stake in shares of Royal Gold by 56.8% during the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Royal Gold during the 1st quarter valued at approximately $34,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Royal Gold during the 1st quarter valued at approximately $40,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

Royal Gold stock opened at $184.64 on Wednesday. The firm’s fifty day moving average price is $187.86 and its 200-day moving average price is $177.71. The stock has a market cap of $12.15 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.41. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $209.42.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.11. The firm had revenue of $209.64 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. On average, analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current 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 given a dividend of $0.45 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is 26.39%.

Analysts Set New Price Targets

RGLD has been the topic of several recent analyst reports. Bank of America increased their target price on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $257.00 target price on shares of Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $214.11.

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.