Yousif Capital Management LLC Trims Stake in Royal Gold, Inc. $RGLD

Yousif Capital Management LLC trimmed its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,270 shares of the basic materials company’s stock after selling 379 shares during the quarter. Yousif Capital Management LLC’s holdings in Royal Gold were worth $3,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CWM LLC grew its position in Royal Gold by 20.5% during the second quarter. CWM LLC now owns 40,662 shares of the basic materials company’s stock worth $7,231,000 after buying an additional 6,914 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Royal Gold by 14.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,709 shares of the basic materials company’s stock worth $2,083,000 after buying an additional 1,509 shares in the last quarter. waypoint wealth counsel purchased a new position in Royal Gold during the second quarter worth about $283,000. Apollon Wealth Management LLC grew its position in Royal Gold by 9.0% during the second quarter. Apollon Wealth Management LLC now owns 2,851 shares of the basic materials company’s stock worth $507,000 after buying an additional 235 shares in the last quarter. Finally, U S Global Investors Inc. grew its position in Royal Gold by 9.0% during the second quarter. U S Global Investors Inc. now owns 80,839 shares of the basic materials company’s stock worth $14,376,000 after buying an additional 6,662 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on RGLD. CIBC boosted their target price on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. TD Securities reaffirmed a “buy” rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $203.00.

Royal Gold Stock Up 1.3%

Shares of RGLD stock opened at $202.24 on Thursday. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $206.49. The firm has a market cap of $13.31 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.58 and a beta of 0.41. The business has a 50-day moving average price of $185.82 and a two-hundred day moving average price of $176.74.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (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 for the quarter, compared to the consensus estimate of $186.63 million. During the same quarter in the previous year, the business earned $1.25 EPS. Royal Gold’s revenue was up 20.4% compared to the same quarter last year. As a group, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, October 3rd. Royal Gold’s payout ratio is currently 26.39%.

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.