Royal Gold, Inc. $RGLD Holdings Raised by Kiker Wealth Management LLC

Kiker Wealth Management LLC boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 41.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 375 shares of the basic materials company’s stock after buying an additional 110 shares during the quarter. Kiker Wealth Management LLC’s holdings in Royal Gold were worth $67,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. AQR Capital Management LLC lifted its position in Royal Gold by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock worth $274,887,000 after buying an additional 685,857 shares in the last quarter. Nuveen LLC bought a new position in shares of Royal Gold during the 1st quarter valued at $40,882,000. Victory Capital Management Inc. raised its holdings in shares of Royal Gold by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company’s stock valued at $67,886,000 after purchasing an additional 223,870 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of Royal Gold by 106,046.2% during the 1st quarter. Copeland Capital Management LLC now owns 137,990 shares of the basic materials company’s stock valued at $22,563,000 after purchasing an additional 137,860 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Royal Gold by 51.6% during the 2nd quarter. Swedbank AB now owns 314,148 shares of the basic materials company’s stock valued at $55,868,000 after purchasing an additional 106,993 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 2.6%

NASDAQ:RGLD opened at $199.47 on Tuesday. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $206.49. The firm’s fifty day simple moving average is $184.21 and its 200 day simple moving average is $176.40. The firm has a market capitalization of $13.13 billion, a PE ratio of 29.25, a PEG ratio of 1.54 and a beta of 0.41.

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 (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 business had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same period last year, the business posted $1.25 EPS. Royal Gold’s revenue was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is presently 26.39%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RGLD shares. 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 report on Friday. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. TD Securities restated a “buy” rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.00.

About Royal Gold

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.