QRG Capital Management Inc. Buys 496 Shares of Royal Gold, Inc. $RGLD

QRG Capital Management Inc. raised its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,214 shares of the basic materials company’s stock after purchasing an additional 496 shares during the quarter. QRG Capital Management Inc.’s holdings in Royal Gold were worth $749,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Royal Gold during the 1st quarter worth about $27,000. Alpine Bank Wealth Management bought a new position in shares of Royal Gold during the 1st quarter worth about $32,000. Banque Cantonale Vaudoise bought a new stake in Royal Gold in the first quarter valued at about $34,000. Caitong International Asset Management Co. Ltd bought a new stake in Royal Gold in the first quarter valued at about $40,000. Finally, Bayforest Capital Ltd increased its stake in Royal Gold by 256.5% in the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 177 shares during the period. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 6.1%

NASDAQ:RGLD opened at $192.73 on Friday. The firm has a market cap of $12.69 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.62 and a beta of 0.41. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $206.49. The company’s 50-day moving average price is $182.52 and its two-hundred day moving average price is $175.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same period in the previous year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, October 3rd. Royal Gold’s payout ratio is 26.39%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RGLD. TD Securities reissued a “buy” rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.