Cetera Advisor Networks LLC acquired a new stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,797 shares of the basic materials company’s stock, valued at approximately $1,177,000.
Other large investors also recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its position in shares of Royal Gold by 35.7% in the 3rd quarter. Federated Investors Inc. PA now owns 47,593 shares of the basic materials company’s stock worth $3,668,000 after purchasing an additional 12,533 shares during the last quarter. Vanguard Group Inc raised its position in shares of Royal Gold by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock worth $494,029,000 after purchasing an additional 113,273 shares during the last quarter. Oakbrook Investments LLC raised its position in shares of Royal Gold by 64.8% in the 4th quarter. Oakbrook Investments LLC now owns 7,250 shares of the basic materials company’s stock worth $621,000 after purchasing an additional 2,850 shares during the last quarter. Midas Management Corp purchased a new position in shares of Royal Gold in the 4th quarter worth about $454,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Royal Gold in the 4th quarter worth about $184,000. 77.89% of the stock is currently owned by institutional investors.
Shares of NASDAQ:RGLD opened at $83.51 on Friday. Royal Gold, Inc has a fifty-two week low of $70.16 and a fifty-two week high of $98.53. The company has a quick ratio of 5.13, a current ratio of 5.39 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 47.45, a price-to-earnings-growth ratio of 5.52 and a beta of 0.11.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 60.23%.
Several equities analysts have recently issued reports on the company. BMO Capital Markets lowered Royal Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. Royal Bank of Canada lowered Royal Gold from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $104.00 to $100.00 in a research report on Monday. They noted that the move was a valuation call. BidaskClub raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. TD Securities lifted their price target on Royal Gold from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Royal Gold in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $95.75.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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