Intech Investment Management LLC Has $3.28 Million Stock Position in Royal Gold, Inc. $RGLD

Intech Investment Management LLC increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,435 shares of the basic materials company’s stock after buying an additional 1,891 shares during the period. Intech Investment Management LLC’s holdings in Royal Gold were worth $3,278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC lifted its position in shares of Royal Gold by 4.5% in the 1st quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 68 shares during the period. Blue Trust Inc. boosted its position in shares of Royal Gold by 56.8% during 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 during the last quarter. Signaturefd LLC grew its position in Royal Gold by 7.5% in 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. Tiemann Investment Advisors LLC increased its position in shares of Royal Gold by 3.6% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,254 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 79 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Royal Gold by 2.9% during the second quarter. Parallel Advisors LLC now owns 2,797 shares of the basic materials company’s stock valued at $497,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $185.50 on Wednesday. The company has a 50 day moving average price of $189.29 and a 200-day moving average price of $178.32. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $209.42. The stock has a market capitalization of $15.66 billion, a PE ratio of 27.20, a PEG ratio of 0.96 and a beta of 0.39.

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

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be paid a $0.475 dividend. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 1.0%. Royal Gold’s dividend payout ratio is 24.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RGLD. BMO Capital Markets set a $240.00 price target on shares of Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Raymond James Financial set a $264.00 target price on Royal Gold in a research note on Thursday, November 6th. Scotiabank restated an “outperform” rating on shares of Royal Gold in a report on Thursday, October 23rd. TD Cowen upped their price target on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Royal Gold has an average rating of “Moderate Buy” and a consensus target price of $225.40.

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.