Signature Estate & Investment Advisors LLC Takes Position in Royal Gold, Inc. $RGLD

Signature Estate & Investment Advisors LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 110,772 shares of the basic materials company’s stock, valued at approximately $22,219,000. Signature Estate & Investment Advisors LLC owned about 0.17% of Royal Gold at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. increased its stake in shares of Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. Blue Trust Inc. grew its holdings in Royal Gold by 56.8% in the second 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. Caldwell Trust Co acquired a new position in Royal Gold during the second quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB increased its position in Royal Gold by 33.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in Royal Gold by 568.4% during the second quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 216 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on RGLD. Bank of America boosted their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, October 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research report on Wednesday. Wall Street Zen downgraded Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective on the stock. in a research note on Monday, January 26th. Finally, TD Cowen boosted their target price on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.50.

Royal Gold Trading Up 4.8%

Shares of RGLD opened at $265.77 on Friday. The stock’s 50-day moving average is $241.62 and its two-hundred day moving average is $202.89. The stock has a market cap of $22.43 billion, a PE ratio of 36.51, a P/E/G ratio of 0.73 and a beta of 0.49. Royal Gold, Inc. has a 12 month low of $142.95 and a 12 month high of $306.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted 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). The company had revenue of $250.23 million during the quarter, compared to analyst estimates of $275.11 million. Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. Royal Gold’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 EPS. Equities analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, January 2nd. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio is presently 26.10%.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.