Lbp Am Sa Invests $395,000 in Royal Gold, Inc. $RGLD

Lbp Am Sa bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,971 shares of the basic materials company’s stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RGLD. Ilex Capital Partners UK LLP bought a new stake in shares of Royal Gold during the second quarter valued at approximately $1,397,000. Financiere des Professionnels Fonds d investissement inc. lifted its holdings in shares of Royal Gold by 275.8% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock worth $1,335,000 after purchasing an additional 4,885 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in Royal Gold by 576.4% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after purchasing an additional 29,927 shares during the period. Neuberger Berman Group LLC increased its stake in Royal Gold by 1,124.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 109,863 shares of the basic materials company’s stock valued at $19,512,000 after purchasing an additional 100,887 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Royal Gold during the third quarter worth $4,989,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $301.21 on Thursday. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 0.81 and a beta of 0.49. The stock has a 50 day moving average of $231.46 and a 200 day moving average of $197.55. Royal Gold, Inc. has a 12 month low of $136.00 and a 12 month high of $302.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The business had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $275.11 million. During the same period in the prior year, the firm posted $1.47 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a dividend of $0.475 per share. The ex-dividend date was Friday, January 2nd. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a yield of 0.6%. Royal Gold’s dividend payout ratio (DPR) is currently 26.10%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RGLD shares. Bank of America lifted their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. Wall Street Zen downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. CIBC increased their price objective on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Jefferies Financial Group restated a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Finally, BMO Capital Markets set a $240.00 target price on Royal Gold and gave the company an “outperform” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and a consensus target price of $243.50.

Royal Gold Profile

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.