SYM FINANCIAL Corp Purchases Shares of 1,280 Royal Gold, Inc. $RGLD

SYM FINANCIAL Corp bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,280 shares of the basic materials company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RGLD. WPG Advisers LLC purchased a new stake in shares of Royal Gold in the first quarter valued at $27,000. 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. Blue Trust Inc. lifted its holdings in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Royal Gold in the 1st quarter valued at about $34,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Royal Gold in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 1.7%

Shares of RGLD opened at $180.59 on Wednesday. The firm has a market capitalization of $11.89 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.41. The stock’s fifty day simple moving average is $188.98 and its 200 day simple moving average is $178.53. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $209.42.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released 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. The company had revenue of $209.64 million for the quarter, compared to the consensus estimate of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a $0.45 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is presently 26.39%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RGLD. Raymond James Financial set a $257.00 price objective on shares of Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Wall Street Zen raised Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, TD Securities reiterated a “buy” rating and set a $237.00 target price (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.44.

Royal Gold 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.