CIBC Asset Management Inc increased its stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 69.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,518 shares of the basic materials company’s stock after buying an additional 5,959 shares during the period. CIBC Asset Management Inc’s holdings in Royal Gold were worth $1,805,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. NEXT Financial Group Inc grew its holdings in Royal Gold by 44.8% in the first quarter. NEXT Financial Group Inc now owns 304 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in Royal Gold in the fourth quarter worth $2,903,000. CWM LLC grew its holdings in Royal Gold by 16.7% in the second quarter. CWM LLC now owns 753 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 108 shares during the last quarter. Fifth Third Bancorp grew its holdings in Royal Gold by 13.2% in the first quarter. Fifth Third Bancorp now owns 1,037 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 121 shares during the last quarter. Finally, Atlas Private Wealth Management grew its holdings in Royal Gold by 3.3% in the first quarter. Atlas Private Wealth Management now owns 4,755 shares of the basic materials company’s stock worth $417,000 after purchasing an additional 151 shares during the last quarter. Institutional investors own 78.42% of the company’s stock.
A number of equities research analysts have recently weighed in on RGLD shares. B. Riley boosted their price objective on shares of Royal Gold from $151.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Royal Bank of Canada raised shares of Royal Gold from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $90.00 to $115.00 in a report on Friday, May 15th. Raymond James boosted their price objective on shares of Royal Gold from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. BMO Capital Markets reissued a “hold” rating on shares of Royal Gold in a report on Monday, July 13th. Finally, BidaskClub raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $130.30.
NASDAQ:RGLD opened at $139.93 on Friday. Royal Gold, Inc has a one year low of $59.78 and a one year high of $144.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.78 and a current ratio of 3.02. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 59.29, a PEG ratio of 3.79 and a beta of 0.80. The firm’s fifty day moving average is $124.86 and its two-hundred day moving average is $114.40.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $136.40 million for the quarter, compared to analyst estimates of $133.59 million. Royal Gold had a net margin of 35.75% and a return on equity of 6.93%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, equities research analysts predict that Royal Gold, Inc will post 2.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.80%. Royal Gold’s dividend payout ratio (DPR) is currently 77.24%.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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