Tiemann Investment Advisors LLC Has $356,000 Stake in Royal Gold, Inc. $RGLD

Tiemann Investment Advisors LLC boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.0% during the 1st quarter, HoldingsChannel reports. The fund owned 2,175 shares of the basic materials company’s stock after acquiring an additional 103 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Royal Gold were worth $356,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Royal Gold by 9.7% in the fourth quarter. Wells Fargo & Company MN now owns 25,975 shares of the basic materials company’s stock valued at $3,425,000 after purchasing an additional 2,287 shares in the last quarter. Mariner LLC lifted its stake in Royal Gold by 20.0% in the 4th quarter. Mariner LLC now owns 13,415 shares of the basic materials company’s stock valued at $1,769,000 after acquiring an additional 2,234 shares in the last quarter. First Trust Advisors LP boosted its position in Royal Gold by 18.8% during the 4th quarter. First Trust Advisors LP now owns 100,075 shares of the basic materials company’s stock worth $13,195,000 after acquiring an additional 15,803 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Royal Gold by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company’s stock worth $115,735,000 after acquiring an additional 49,206 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $151,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 1.8%

Shares of Royal Gold stock opened at $169.71 on Thursday. The firm’s 50 day moving average is $167.21 and its 200 day moving average is $166.04. The firm has a market capitalization of $11.17 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $191.78.

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

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, October 3rd. Royal Gold’s payout ratio is 26.39%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RGLD shares. TD Securities reaffirmed a “buy” rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the company a “market perform” rating in a research report on Thursday, May 22nd. CIBC boosted their price target on Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Canaccord Genuity Group increased their price objective on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Finally, Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.63.

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.