Wealth Enhancement Advisory Services LLC Has $27.18 Million Stake in Royal Gold, Inc. $RGLD

Wealth Enhancement Advisory Services LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 307.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 137,285 shares of the basic materials company’s stock after purchasing an additional 103,619 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Royal Gold were worth $27,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. increased its stake in 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 during the last quarter. Blue Trust Inc. lifted its stake in Royal Gold by 56.8% during the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 71 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of Royal Gold in the 2nd quarter valued at $36,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Royal Gold by 33.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Royal Gold by 568.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after buying an additional 216 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 0.7%

NASDAQ:RGLD opened at $279.54 on Thursday. Royal Gold, Inc. has a one year low of $135.68 and a one year high of $283.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. The company has a market cap of $23.59 billion, a PE ratio of 38.40, a P/E/G ratio of 0.76 and a beta of 0.49. The firm’s 50 day simple moving average is $220.80 and its 200 day simple moving average is $192.95.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results 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). The business had revenue of $250.23 million for the quarter, compared to the consensus estimate of $275.11 million. Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. Royal Gold’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. On average, research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, January 2nd. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s dividend payout ratio (DPR) is presently 26.10%.

Analyst Ratings Changes

Several analysts recently weighed in on RGLD shares. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Jefferies Financial Group restated a “buy” rating and issued a $270.00 price target on shares of Royal Gold in a research note on Sunday, December 7th. CIBC lifted their price target on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Wall Street Zen downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and a consensus price target of $234.60.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.