Royal Gold, Inc. $RGLD Stake Lifted by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 100.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,700 shares of the basic materials company’s stock after purchasing an additional 17,850 shares during the period. Royal Gold comprises 1.5% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its 5th biggest position. Hussman Strategic Advisors Inc.’s holdings in Royal Gold were worth $6,349,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. WPG Advisers LLC purchased a new position in shares of Royal Gold during the first quarter valued at $27,000. Cullen Frost Bankers Inc. lifted its stake in Royal Gold by 548.1% in the second quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 148 shares during the period. Banque Cantonale Vaudoise bought a new position in Royal Gold during the 1st quarter worth about $34,000. Blue Trust Inc. increased its position in Royal Gold by 56.8% during the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares during the period. Finally, Bayforest Capital Ltd raised its holdings in shares of Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America increased 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. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the company an “outperform” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. Finally, TD Securities reiterated a “buy” rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and an average target price of $220.44.

Royal Gold Trading Down 0.1%

Shares of RGLD opened at $174.67 on Tuesday. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $209.42. The stock has a fifty day moving average price of $189.13 and a 200-day moving average price of $178.29. The firm has a market cap of $11.50 billion, a PE ratio of 25.61, a P/E/G ratio of 0.96 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its 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. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The firm had revenue of $209.64 million for the quarter, compared to the consensus estimate of $186.63 million. During the same period in the previous year, the business earned $1.25 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

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

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.