waypoint wealth counsel Takes Position in Royal Gold, Inc. $RGLD

waypoint wealth counsel acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,590 shares of the basic materials company’s stock, valued at approximately $283,000.

Several other large investors have also modified their holdings of RGLD. Vanguard Group Inc. boosted its stake in Royal Gold by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company’s stock worth $1,095,336,000 after purchasing an additional 46,956 shares during the period. AQR Capital Management LLC boosted its stake in shares of Royal Gold by 68.8% during the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock worth $274,887,000 after buying an additional 685,857 shares during the period. Findlay Park Partners LLP boosted its stake in shares of Royal Gold by 1.4% during the first quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company’s stock worth $202,921,000 after buying an additional 16,600 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Royal Gold by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock worth $152,628,000 after buying an additional 55,685 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Royal Gold by 2.3% during the first quarter. Invesco Ltd. now owns 776,840 shares of the basic materials company’s stock worth $127,021,000 after buying an additional 17,649 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

RGLD opened at $194.47 on Friday. The business has a 50 day simple moving average of $183.35 and a 200-day simple moving average of $176.03. The stock has a market capitalization of $12.80 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.54 and a beta of 0.41. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $206.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. During the same quarter last year, the company earned $1.25 earnings per share. Royal Gold’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is 26.39%.

Analyst Ratings Changes

A number of analysts have weighed in on RGLD shares. CIBC increased their price objective on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday. Zacks Research downgraded Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Wednesday. TD Securities reaffirmed 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 research note on Saturday, August 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $203.00.

Royal Gold Company 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.