Vanguard Group Inc. increased its position in shares of Royal Gold Inc. (NASDAQ:RGLD) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,145,821 shares of the company’s stock after buying an additional 151,587 shares during the period. Vanguard Group Inc. owned approximately 7.88% of Royal Gold worth $370,602,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Royal Gold by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,669 shares of the company’s stock worth $120,000 after buying an additional 208 shares in the last quarter. Meeder Asset Management Inc. increased its position in Royal Gold by 199,100.0% in the second quarter. Meeder Asset Management Inc. now owns 1,992 shares of the company’s stock worth $144,000 after buying an additional 1,991 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Royal Gold by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,184 shares of the company’s stock worth $157,000 after buying an additional 22 shares in the last quarter. World Asset Management Inc bought a new position in Royal Gold during the second quarter worth approximately $230,000. Finally, Symons Capital Management Inc. bought a new position in Royal Gold during the second quarter worth approximately $234,000. 68.97% of the stock is owned by institutional investors.
Royal Gold Inc. (NASDAQ:RGLD) traded up 1.57% during trading on Friday, hitting $66.62. The stock had a trading volume of 125,817 shares. The company’s 50-day moving average is $77.71 and its 200 day moving average is $68.81. Royal Gold Inc. has a 52 week low of $24.68 and a 52 week high of $87.74. The firm’s market cap is $4.35 billion.
Royal Gold (NASDAQ:RGLD) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. Royal Gold had a positive return on equity of 2.81% and a negative net margin of 21.44%. The business had revenue of $94.10 million for the quarter, compared to analyst estimates of $100.62 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The company’s revenue was up 27.9% compared to the same quarter last year. Equities analysts expect that Royal Gold Inc. will post $1.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, September 28th. Royal Gold’s dividend payout ratio (DPR) is presently -77.97%.
RGLD has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Royal Gold from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, July 8th. HSBC reissued a “buy” rating on shares of Royal Gold in a research report on Thursday, July 7th. Dundee Securities raised shares of Royal Gold from a “neutral” rating to a “buy” rating and increased their target price for the stock from $80.00 to $85.00 in a research report on Wednesday, July 6th. FBR & Co set a $80.00 target price on shares of Royal Gold and gave the stock a “hold” rating in a research report on Tuesday, September 20th. Finally, Macquarie started coverage on shares of Royal Gold in a research report on Wednesday, July 6th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $72.29.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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