U S Global Investors Inc. Raises Stock Holdings in Royal Gold, Inc. $RGLD

U S Global Investors Inc. increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.0% in the second quarter, HoldingsChannel reports. The firm owned 80,839 shares of the basic materials company’s stock after buying an additional 6,662 shares during the period. Royal Gold makes up approximately 1.7% of U S Global Investors Inc.’s investment portfolio, making the stock its 20th largest position. U S Global Investors Inc.’s holdings in Royal Gold were worth $14,376,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Royal Gold by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company’s stock worth $1,095,336,000 after purchasing an additional 46,956 shares during the last quarter. AQR Capital Management LLC raised its stake in Royal Gold by 68.8% in the first quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock valued at $274,887,000 after buying an additional 685,857 shares during the last quarter. Findlay Park Partners LLP raised its stake in Royal Gold by 1.4% in the first quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company’s stock valued at $202,921,000 after buying an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Royal Gold by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock valued at $152,628,000 after buying an additional 55,685 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Royal Gold by 2.3% in the first quarter. Invesco Ltd. now owns 776,840 shares of the basic materials company’s stock valued at $127,021,000 after buying an additional 17,649 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RGLD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday. CIBC increased their price target on Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday. Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Wall Street Zen upgraded 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 issued a $237.00 price target (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and a consensus target price of $203.00.

Royal Gold Stock Performance

Shares of RGLD stock opened at $194.47 on Friday. The stock’s 50-day simple moving average is $183.35 and its 200-day simple moving average is $175.92. The firm has a market capitalization of $12.80 billion, a PE ratio of 28.51, a P/E/G ratio of 1.52 and a beta of 0.41. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $206.49.

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

Royal Gold Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is 26.39%.

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.