Violich Capital Management Inc. grew its stake in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 4.0% in the 2nd quarter, Holdings Channel reports. The firm owned 2,600 shares of the basic materials company’s stock after purchasing an additional 100 shares during the period. Violich Capital Management Inc.’s holdings in Royal Gold were worth $462,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in RGLD. WPG Advisers LLC bought a new position in Royal Gold in the 1st quarter worth $27,000. Alpine Bank Wealth Management bought a new position in Royal Gold in the 1st quarter worth $32,000. Banque Cantonale Vaudoise bought a new position in Royal Gold in the 1st quarter worth $34,000. Blue Trust Inc. raised its holdings in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 71 shares in the last quarter. Finally, Bayforest Capital Ltd raised its holdings in Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 177 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on RGLD shares. CIBC upped 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. TD Securities reaffirmed a “buy” rating and issued a $237.00 target price (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of “Moderate Buy” and an average target price of $203.00.
Royal Gold Stock Performance
Shares of RGLD stock opened at $193.76 on Friday. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $209.42. The company’s 50-day moving average is $187.14 and its 200 day moving average is $177.32. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 1.52 and a beta of 0.41.
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating 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 company had revenue of $209.64 million for the quarter, compared to the consensus estimate of $186.63 million. During the same period in the prior year, the firm posted $1.25 EPS. Royal Gold’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts predict 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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 3rd. Royal Gold’s dividend 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.
See Also
- Five stocks we like better than Royal Gold
- Stock Market Upgrades: What Are They?
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- Stock Average Calculator
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL).
Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.