Valued Retirements Inc. Makes New $277,000 Investment in Royal Gold, Inc. $RGLD

Valued Retirements Inc. bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,556 shares of the basic materials company’s stock, valued at approximately $277,000.

Other large investors have also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in Royal Gold during the first quarter valued at about $27,000. Cullen Frost Bankers Inc. lifted its position in shares of Royal Gold by 548.1% during the second 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. Blue Trust Inc. boosted its holdings in shares of Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Royal Gold in the 1st quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Royal Gold during the 1st quarter worth approximately $40,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

Shares of RGLD stock opened at $203.79 on Monday. The business has a fifty day moving average of $189.84 and a 200 day moving average of $179.24. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $209.42. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results 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 net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RGLD shares. TD Cowen upped their price target on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Bank of America upped their target price on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, October 16th. TD Securities reissued a “buy” rating and issued a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Finally, Raymond James Financial set a $264.00 price target on Royal Gold in a research note on Thursday, November 6th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $225.40.

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.