TrueMark Investments LLC Makes New Investment in Royal Gold, Inc. $RGLD

TrueMark Investments LLC bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,706 shares of the basic materials company’s stock, valued at approximately $303,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Royal Gold during the first quarter worth about $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Royal Gold during the first quarter worth about $32,000. Blue Trust Inc. grew its holdings 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 worth $35,000 after buying an additional 71 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Royal Gold during the first quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Royal Gold during the first quarter worth about $40,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Performance

Royal Gold stock opened at $193.76 on Monday. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $209.42. The firm has a 50 day moving average price of $187.14 and a 200 day moving average price of $177.39. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.09 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $186.63 million. During the same period in the previous year, the firm earned $1.25 earnings per share. Royal Gold’s revenue was up 20.4% compared to the same quarter last year. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, October 3rd. Royal Gold’s payout ratio is currently 26.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. CIBC lifted their price target 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. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. TD Securities reiterated a “buy” rating and set a $237.00 price target (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $203.00.

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.