Royal Gold, Inc. $RGLD Stake Lifted by Kiker Wealth Management LLC

Kiker Wealth Management LLC increased its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 41.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375 shares of the basic materials company’s stock after acquiring an additional 110 shares during the period. Kiker Wealth Management LLC’s holdings in Royal Gold were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Royal Gold by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company’s stock worth $1,095,336,000 after buying an additional 46,956 shares in the last quarter. AQR Capital Management LLC boosted its holdings in 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 in the last quarter. Findlay Park Partners LLP boosted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. Finally, Invesco Ltd. boosted its holdings in 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 in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Performance

Royal Gold stock opened at $199.47 on Tuesday. The company has a 50 day moving average price of $184.21 and a 200 day moving average price of $176.40. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $206.49. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 1.54 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. During the same quarter last year, the business posted $1.25 EPS. The company’s revenue was up 20.4% on a year-over-year basis. Equities analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s dividend payout ratio is presently 26.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RGLD. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. TD Securities restated a “buy” rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. Finally, CIBC raised their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and an average price target of $203.00.

About Royal Gold

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.