Koshinski Asset Management Inc. Purchases New Position in Royal Gold, Inc. $RGLD

Koshinski Asset Management Inc. purchased a new stake in 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 purchased 1,346 shares of the basic materials company’s stock, valued at approximately $239,000.

Several other large investors have also 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 valued at $274,887,000 after acquiring an additional 685,857 shares in the last quarter. Nuveen LLC bought a new position in shares of Royal Gold during the 1st quarter worth approximately $40,882,000. Victory Capital Management Inc. lifted its position 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 worth $67,886,000 after buying an additional 223,870 shares in the last quarter. Copeland Capital Management LLC lifted its position 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 worth $22,563,000 after buying an additional 137,860 shares in the last quarter. Finally, Swedbank AB lifted its position 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 worth $55,868,000 after buying an additional 106,993 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Bank of America lifted their target price on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, October 16th. Raymond James Financial set a $257.00 target price on shares of Royal Gold and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and an average price target of $214.11.

Royal Gold Trading Down 4.9%

NASDAQ:RGLD opened at $184.64 on Wednesday. The stock has a market capitalization of $12.15 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.41. The firm’s 50 day moving average is $187.86 and its 200 day moving average is $177.71. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $209.42.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.11. The company 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%. Royal Gold’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 EPS. Research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, October 3rd. Royal Gold’s payout ratio is currently 26.39%.

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.