Laurel Wealth Advisors LLC Has $9.49 Million Stake in Royal Gold, Inc. $RGLD

Laurel Wealth Advisors LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10,570.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,352 shares of the basic materials company’s stock after acquiring an additional 52,852 shares during the period. Laurel Wealth Advisors LLC owned about 0.08% of Royal Gold worth $9,488,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. CIBC raised their price target on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. TD Securities reiterated a “buy” rating and issued a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Finally, Scotiabank restated an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.40.

Royal Gold Stock Up 4.5%

Royal Gold stock opened at $201.05 on Thursday. The firm has a 50 day moving average price of $189.33 and a 200-day moving average price of $178.69. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $209.42. The company has a market capitalization of $16.97 billion, a P/E ratio of 29.48, a P/E/G ratio of 0.96 and a beta of 0.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $275.11 million. During the same quarter in the previous year, the company posted $1.47 EPS. Royal Gold’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s payout ratio is currently 26.10%.

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.