Amalgamated Bank Acquires 1,213 Shares of Royal Gold, Inc. $RGLD

Amalgamated Bank raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,370 shares of the basic materials company’s stock after purchasing an additional 1,213 shares during the quarter. Amalgamated Bank’s holdings in Royal Gold were worth $5,579,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in Royal Gold in the 1st quarter valued at $27,000. Cullen Frost Bankers Inc. raised its position in Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. Blue Trust Inc. raised its position 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 during the last quarter. Banque Cantonale Vaudoise bought a new position in Royal Gold in the 1st quarter valued at $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Gold in the 1st quarter valued at $40,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 1.7%

Shares of Royal Gold stock opened at $174.79 on Friday. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $209.42. The business has a fifty day simple moving average of $189.13 and a 200 day simple moving average of $178.41. The stock has a market cap of $11.51 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced 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 return on equity of 13.30% and a net margin of 56.24%.The business had revenue of $209.64 million during the quarter, compared to analysts’ expectations of $186.63 million. During the same period in the previous year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s payout ratio is 26.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Scotiabank reissued an “outperform” rating on shares of Royal Gold in a research note on Thursday, October 23rd. Raymond James Financial set a $257.00 target price on Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. Finally, BMO Capital Markets set a $240.00 target price on Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $220.44.

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.