Blair William & Co. IL Reduces Stake in Royal Gold, Inc. $RGLD

Blair William & Co. IL reduced its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,451 shares of the basic materials company’s stock after selling 449 shares during the period. Blair William & Co. IL’s holdings in Royal Gold were worth $4,348,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in Royal Gold in the 1st quarter valued at approximately $27,000. Alpine Bank Wealth Management purchased a new position in Royal Gold during the first quarter worth $32,000. Banque Cantonale Vaudoise purchased a new position in Royal Gold during the first quarter worth $34,000. Bayforest Capital Ltd increased its position in Royal Gold by 256.5% during the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after buying an additional 177 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Royal Gold during the first quarter worth $40,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Up 0.9%

Shares of NASDAQ:RGLD opened at $194.47 on Monday. The company has a market cap of $12.80 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.54 and a beta of 0.41. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $206.49. The business has a fifty day simple moving average of $183.35 and a 200-day simple moving average of $176.14.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. The business had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Sell-side analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 3rd. Royal Gold’s payout ratio is 26.39%.

Analyst Ratings Changes

Several research firms have weighed in on RGLD. Wall Street Zen raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. CIBC raised their price target on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday. TD Securities reissued a “buy” rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Zacks Research downgraded Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and a consensus price target of $203.00.

Royal Gold 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.