Ieq Capital LLC Has $14.73 Million Holdings in Royal Gold, Inc. $RGLD

Ieq Capital LLC boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 113.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,077 shares of the basic materials company’s stock after acquiring an additional 47,779 shares during the quarter. Ieq Capital LLC’s holdings in Royal Gold were worth $14,728,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in Royal Gold during the 1st quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold in the first quarter valued at $34,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Gold in the first quarter valued at $40,000. Bayforest Capital Ltd raised its holdings in shares of Royal Gold by 256.5% in the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after buying an additional 177 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in Royal Gold by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 276 shares of the basic materials company’s stock worth $45,000 after buying an additional 250 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. TD Securities reissued a “buy” rating and issued a $237.00 target price (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Wall Street Zen downgraded Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, CIBC upped their target price on shares of Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.63.

Royal Gold Trading Down 0.5%

NASDAQ:RGLD opened at $176.97 on Thursday. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $191.78. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.30 and a beta of 0.40. The business’s 50-day moving average price is $166.84 and its two-hundred day moving average price is $167.17.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results 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 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 was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders 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 yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is 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.