Securian Asset Management Inc. Acquires 100 Shares of Royal Gold, Inc. $RGLD

Securian Asset Management Inc. increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,071 shares of the basic materials company’s stock after purchasing an additional 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Royal Gold were worth $902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of Royal Gold in the first quarter worth about $27,000. Alpine Bank Wealth Management bought a new stake in shares of Royal Gold in the first quarter worth about $32,000. Blue Trust Inc. grew its stake in shares of Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 71 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Royal Gold in the first quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Royal Gold in the first quarter worth about $40,000. 83.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on RGLD shares. Scotiabank reissued an “outperform” rating on shares of Royal Gold in a research note on Thursday. Raymond James Financial set a $257.00 price objective on Royal Gold and gave the company an “outperform” rating in a research report on Tuesday. Wall Street Zen raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. CIBC lifted their price objective on Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, TD Securities reaffirmed a “buy” rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell 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 price target of $220.44.

Royal Gold Stock Performance

RGLD stock opened at $183.41 on Friday. The firm has a 50 day moving average price of $188.36 and a 200-day moving average price of $177.94. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $209.42. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.99 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $186.63 million. During the same period last year, the business earned $1.25 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 26.39%.

Royal Gold Company 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.