Kaizen Financial Strategies Purchases New Position in Royal Gold, Inc. $RGLD

Kaizen Financial Strategies purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,616 shares of the basic materials company’s stock, valued at approximately $465,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NorthRock Partners LLC boosted its holdings in Royal Gold by 4.5% during the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock worth $259,000 after buying an additional 68 shares in the last quarter. Blue Trust Inc. increased its holdings in Royal Gold by 56.8% in the second 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. Signaturefd LLC raised its position in shares of Royal Gold by 7.5% in the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 74 shares during the period. Intech Investment Management LLC boosted its stake in shares of Royal Gold by 0.5% during the 1st quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company’s stock worth $2,705,000 after acquiring an additional 78 shares in the last quarter. Finally, Tiemann Investment Advisors LLC boosted its position in Royal Gold by 3.6% during the second quarter. Tiemann Investment Advisors LLC now owns 2,254 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Trading Up 3.3%

Shares of NASDAQ RGLD opened at $193.51 on Thursday. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $209.42. The stock has a market cap of $12.74 billion, a PE ratio of 28.37, a P/E/G ratio of 0.96 and a beta of 0.39. The company has a 50-day moving average of $189.13 and a 200 day moving average of $178.15.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). The business had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $275.11 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the business earned $1.47 earnings per share. On average, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors 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 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is presently 24.73%.

Analyst Upgrades and Downgrades

RGLD has been the subject of several research analyst reports. CIBC upped their target price on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Scotiabank reiterated an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Bank of America raised their price target 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, Raymond James Financial set a $264.00 price objective on Royal Gold in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.22.

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.