Euro Pacific Asset Management LLC Has $20.64 Million Stake in Royal Gold, Inc. $RGLD

Euro Pacific Asset Management LLC boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,135 shares of the basic materials company’s stock after purchasing an additional 1,366 shares during the period. Royal Gold comprises about 3.3% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 12th largest holding. Euro Pacific Asset Management LLC’s holdings in Royal Gold were worth $20,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. PFG Investments LLC boosted its stake in shares of Royal Gold by 0.9% during the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company’s stock worth $971,000 after buying an additional 54 shares during the last quarter. BCS Wealth Management raised its holdings in Royal Gold by 0.3% during the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company’s stock worth $3,385,000 after acquiring an additional 63 shares in the last quarter. NorthRock Partners LLC boosted its position 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 valued at $259,000 after purchasing an additional 68 shares during the last quarter. Signaturefd LLC raised its stake in shares of Royal Gold by 7.5% during the 2nd quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 74 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Royal Gold by 0.5% in the 1st quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company’s stock valued at $2,705,000 after buying an additional 78 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 0.7%

RGLD opened at $200.34 on Monday. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.58 and a beta of 0.41. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $203.18. The company has a 50-day simple moving average of $178.69 and a 200 day simple moving average of $174.74.

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

Royal Gold Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on RGLD. Canaccord Genuity Group boosted their target price on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Saturday, September 27th. 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 downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, 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. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.63.

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.