Coldstream Capital Management Inc. Purchases 376 Shares of Royal Gold, Inc. $RGLD

Coldstream Capital Management Inc. grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 28.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,715 shares of the basic materials company’s stock after buying an additional 376 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Royal Gold were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings 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 purchasing an additional 685,857 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Royal Gold by 1,090.1% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 319,454 shares of the basic materials company’s stock worth $56,811,000 after acquiring an additional 292,611 shares during the period. Nuveen LLC purchased a new position in Royal Gold during the first quarter valued at approximately $40,882,000. Symphony Financial Ltd. Co. bought a new stake in shares of Royal Gold during the 2nd quarter valued at $22,141,000. Finally, Swedbank AB boosted its stake in shares of Royal Gold by 51.6% in the second quarter. Swedbank AB now owns 314,148 shares of the basic materials company’s stock worth $55,868,000 after acquiring an additional 106,993 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RGLD has been the topic of several research reports. TD Cowen lifted their target price on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Bank of America raised their target price on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. CIBC upped their price target on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, Wall Street Zen lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.40.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $203.79 on Friday. The firm has a market capitalization of $17.20 billion, a PE ratio of 29.88, a PEG ratio of 0.96 and a beta of 0.39. The stock’s fifty day moving average is $189.84 and its 200 day moving average is $179.08. Royal Gold, Inc. has a fifty-two week low of $130.67 and a fifty-two week high of $209.42.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The firm had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. During the same period in the previous year, the firm earned $1.47 earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. Equities analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be given a $0.475 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s dividend payout ratio is currently 26.10%.

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.