Vanguard Group Inc. Boosts Stake in Royal Gold, Inc. $RGLD

Vanguard Group Inc. raised its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,717,367 shares of the basic materials company’s stock after buying an additional 8,200 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Royal Gold worth $1,347,369,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its position in shares of Royal Gold by 548.1% in the second 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 in the last quarter. Caldwell Trust Co purchased a new position in Royal Gold in the 2nd quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Royal Gold by 33.9% during the 3rd 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. Compagnie Lombard Odier SCmA purchased a new stake in shares of Royal Gold during the third quarter worth about $50,000. Finally, Spire Wealth Management acquired a new position in shares of Royal Gold in the third quarter valued at approximately $64,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Up 5.1%

Shares of NASDAQ RGLD opened at $285.54 on Friday. Royal Gold, Inc. has a 52-week low of $142.95 and a 52-week high of $306.25. The firm has a fifty day moving average of $256.65 and a 200-day moving average of $211.36. The stock has a market capitalization of $24.10 billion, a PE ratio of 41.93, a P/E/G ratio of 0.81 and a beta of 0.49. The company has a quick ratio of 2.68, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm had revenue of $360.85 million during the quarter, compared to analysts’ expectations of $425.47 million. During the same period last year, the business posted $1.63 earnings per share. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. On average, analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RGLD. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price for the company. in a research note on Monday, January 26th. Finally, TD Cowen increased their target price on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $251.50.

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.