Belpointe Asset Management LLC Acquires 143 Shares of Royal Gold, Inc. $RGLD

Belpointe Asset Management LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,237 shares of the basic materials company’s stock after acquiring an additional 143 shares during the period. Belpointe Asset Management LLC’s holdings in Royal Gold were worth $398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RGLD. AQR Capital Management LLC increased its position in shares of 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 in the last quarter. Nuveen LLC bought a new stake in shares of Royal Gold in the 1st quarter valued at $40,882,000. Victory Capital Management Inc. increased its position in shares of Royal Gold by 117.0% in the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company’s stock valued at $67,886,000 after buying an additional 223,870 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Royal Gold by 106,046.2% in the 1st quarter. Copeland Capital Management LLC now owns 137,990 shares of the basic materials company’s stock valued at $22,563,000 after buying an additional 137,860 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Royal Gold by 51.6% in the 2nd quarter. Swedbank AB now owns 314,148 shares of the basic materials company’s stock valued at $55,868,000 after buying an additional 106,993 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on RGLD. CIBC upped their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday. TD Securities restated a “buy” rating and issued a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $203.00.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $194.47 on Friday. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.52 and a beta of 0.41. The business has a 50-day moving average of $183.35 and a 200-day moving average of $175.92. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $206.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced 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 company had revenue of $209.64 million during the quarter, compared to analysts’ expectations of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.Royal Gold’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. On average, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is presently 26.39%.

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.