Royal Gold, Inc. $RGLD Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,015 shares of the basic materials company’s stock after purchasing an additional 252 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Royal Gold were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Royal Gold by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company’s stock valued at $1,095,336,000 after purchasing an additional 46,956 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Royal Gold by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock valued at $274,887,000 after purchasing an additional 685,857 shares during the last quarter. Findlay Park Partners LLP boosted its holdings in shares of Royal Gold by 1.4% in the 1st quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company’s stock valued at $202,921,000 after purchasing an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Royal Gold by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock valued at $152,628,000 after purchasing an additional 55,685 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Royal Gold by 2.3% in the 1st quarter. Invesco Ltd. now owns 776,840 shares of the basic materials company’s stock valued at $127,021,000 after purchasing an additional 17,649 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

RGLD has been the topic of several recent research reports. TD Securities restated a “buy” rating and set a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. Finally, Raymond James Financial set a $257.00 target price on shares of Royal Gold and gave the company an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.44.

Royal Gold Price Performance

Royal Gold stock opened at $182.47 on Friday. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $209.42. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 0.99 and a beta of 0.41. The firm’s fifty day moving average price is $188.58 and its 200 day moving average price is $178.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $186.63 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a dividend of $0.45 per share. 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 26.39%.

Royal Gold Company 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.