Los Angeles Capital Management LLC Acquires 12,254 Shares of Royal Gold, Inc. $RGLD

Los Angeles Capital Management LLC lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 501.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 14,699 shares of the basic materials company’s stock after purchasing an additional 12,254 shares during the period. Los Angeles Capital Management LLC’s holdings in Royal Gold were worth $2,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC increased its holdings in Royal Gold by 3.1% during the 2nd quarter. AE Wealth Management LLC now owns 3,298 shares of the basic materials company’s stock worth $587,000 after purchasing an additional 98 shares in the last quarter. Savant Capital LLC raised its position in Royal Gold by 2.6% in the 2nd quarter. Savant Capital LLC now owns 35,689 shares of the basic materials company’s stock valued at $6,347,000 after buying an additional 897 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Royal Gold by 1.5% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 12,145 shares of the basic materials company’s stock valued at $2,160,000 after acquiring an additional 181 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Royal Gold during the 2nd quarter worth $167,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Royal Gold by 1,090.1% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 319,454 shares of the basic materials company’s stock worth $56,811,000 after acquiring an additional 292,611 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Trading Up 5.1%

Royal Gold stock opened at $184.73 on Tuesday. The business’s 50 day simple moving average is $188.79 and its 200 day simple moving average is $177.98. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $209.42. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 0.96 and a beta of 0.39.

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 (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 period in the prior year, the business earned $1.47 earnings per share. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, October 3rd. Royal Gold’s payout ratio is currently 24.73%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. CIBC increased their price target on Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. TD Securities reaffirmed a “buy” rating and set a $237.00 price target (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Scotiabank reissued an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. Finally, Bank of America raised their target price on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $221.22.

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.