12,058 Shares in Royal Gold, Inc. $RGLD Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of 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 fund acquired 12,058 shares of the basic materials company’s stock, valued at approximately $2,144,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kaufman Rossin Wealth LLC purchased a new position in Royal Gold in the first quarter worth about $278,000. Swedbank AB lifted its stake in shares of Royal Gold by 75.1% in the 1st quarter. Swedbank AB now owns 207,155 shares of the basic materials company’s stock worth $33,872,000 after purchasing an additional 88,828 shares during the period. Autumn Glory Partners LLC bought a new position in shares of Royal Gold in the 2nd quarter worth approximately $587,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Royal Gold by 24.4% in the second quarter. Harbor Capital Advisors Inc. now owns 9,544 shares of the basic materials company’s stock worth $1,697,000 after buying an additional 1,874 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in Royal Gold during the second quarter valued at approximately $882,000. Institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

RGLD has been the topic of several analyst reports. Bank of America lifted their price target on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial set a $264.00 price objective on Royal Gold in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus target price of $221.22.

Royal Gold Trading Up 1.4%

NASDAQ RGLD opened at $187.36 on Wednesday. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $209.42. The stock has a market cap of $12.33 billion, a PE ratio of 27.47, a P/E/G ratio of 0.96 and a beta of 0.39. The stock’s 50 day moving average is $188.87 and its 200 day moving average is $178.04.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The company had revenue of $250.23 million for the quarter, compared to the consensus estimate of $275.11 million. During the same quarter in the previous year, the business earned $1.47 EPS. The company’s quarterly revenue was up 30.1% on a year-over-year basis. On average, analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, October 3rd. Royal Gold’s payout ratio is currently 24.73%.

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.