Krilogy Financial LLC Acquires New Holdings in Royal Gold, Inc. $RGLD

Krilogy Financial LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,104 shares of the basic materials company’s stock, valued at approximately $823,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Royal Gold by 8.2% in the second quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock worth $319,140,000 after buying an additional 137,524 shares during the last quarter. Geode Capital Management LLC raised its holdings in Royal Gold by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock worth $311,457,000 after acquiring an additional 61,352 shares during the period. Invesco Ltd. lifted its position in Royal Gold by 19.5% during the 2nd quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock worth $165,095,000 after acquiring an additional 151,492 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Royal Gold by 52.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock valued at $148,173,000 after acquiring an additional 286,268 shares during the period. Finally, Swedbank AB grew its position in shares of Royal Gold by 35.0% in the third quarter. Swedbank AB now owns 424,129 shares of the basic materials company’s stock valued at $85,072,000 after purchasing an additional 109,981 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Up 4.9%

RGLD opened at $286.10 on Friday. The company has a market capitalization of $24.15 billion, a P/E ratio of 39.30, a P/E/G ratio of 0.81 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. The firm’s fifty day moving average price is $249.61 and its two-hundred day moving average price is $206.95. Royal Gold, Inc. has a fifty-two week low of $142.95 and a fifty-two week high of $306.25.

Royal Gold Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RGLD shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. TD Cowen raised their price objective on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, BMO Capital Markets set a $240.00 target price on shares of Royal Gold and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $251.50.

About Royal Gold

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.