Koshinski Asset Management Inc. Acquires New Shares in Royal Gold, Inc. $RGLD

Koshinski Asset Management Inc. purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, Holdings Channel.com reports. The firm purchased 1,346 shares of the basic materials company’s stock, valued at approximately $239,000.

Other hedge funds have also recently made changes to their positions in the company. Oxbow Advisors LLC grew its position in shares of Royal Gold by 1.8% during the 1st quarter. Oxbow Advisors LLC now owns 116,887 shares of the basic materials company’s stock valued at $19,112,000 after purchasing an additional 2,039 shares in the last quarter. Kaufman Rossin Wealth LLC purchased a new position in shares of Royal Gold during the 1st quarter valued at $278,000. Swedbank AB grew its position in shares of Royal Gold by 75.1% during the 1st quarter. Swedbank AB now owns 207,155 shares of the basic materials company’s stock valued at $33,872,000 after purchasing an additional 88,828 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Royal Gold by 8.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,196 shares of the basic materials company’s stock valued at $4,447,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Autumn Glory Partners LLC purchased a new position in shares of Royal Gold during the 2nd quarter valued at $587,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

NASDAQ RGLD opened at $184.64 on Wednesday. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $209.42. The company has a market capitalization of $12.15 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.09 and a beta of 0.41. The company has a fifty day moving average of $187.86 and a 200-day moving average of $177.71.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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 net margin of 56.24% and a return on equity of 13.30%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. As a group, analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 1.0%. Royal Gold’s payout ratio is currently 26.39%.

Analyst Ratings Changes

A number of research analysts have recently commented on RGLD shares. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. TD Securities reaffirmed a “buy” rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Bank of America lifted their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, CIBC lifted their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $214.11.

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.