Fjarde AP Fonden Fourth Swedish National Pension Fund Buys Shares of 12,000 Royal Gold, Inc. $RGLD

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 12,000 shares of the basic materials company’s stock, valued at approximately $2,134,000.

Several other large investors have also recently bought and sold shares of the stock. WPG Advisers LLC bought a new position in shares of Royal Gold during the 1st quarter valued at about $27,000. Cullen Frost Bankers Inc. boosted its position in shares of Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Royal Gold during the 1st quarter valued at about $34,000. Blue Trust Inc. boosted its position in shares of Royal Gold by 56.8% during the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its position in shares of Royal Gold by 256.5% during the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD opened at $174.79 on Friday. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $209.42. The company has a 50-day moving average of $189.13 and a two-hundred day moving average of $178.46. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 0.96 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The company had revenue of $209.64 million during the quarter, compared to analysts’ expectations of $186.63 million. During the same period last year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 26.39%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets set a $240.00 price objective on shares of Royal Gold and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Bank of America raised their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, October 16th. Raymond James Financial set a $257.00 price objective on shares of Royal Gold and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Scotiabank restated an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. Finally, Wall Street Zen lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.44.

Royal Gold Company 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.