Hsbc Holdings PLC Has $5.56 Million Stock Holdings in Royal Gold, Inc. $RGLD

Hsbc Holdings PLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 40.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,335 shares of the basic materials company’s stock after acquiring an additional 9,049 shares during the period. Hsbc Holdings PLC’s holdings in Royal Gold were worth $5,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Fund Management S.A. grew its stake in shares of Royal Gold by 18.9% during the second quarter. Capital Fund Management S.A. now owns 28,519 shares of the basic materials company’s stock worth $5,072,000 after purchasing an additional 4,528 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Royal Gold by 13.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 58,293 shares of the basic materials company’s stock valued at $10,367,000 after acquiring an additional 6,723 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Royal Gold by 27.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 5,920 shares of the basic materials company’s stock valued at $1,053,000 after acquiring an additional 1,274 shares during the period. Employees Retirement System of Texas bought a new position in Royal Gold during the 2nd quarter worth approximately $284,000. Finally, Choreo LLC acquired a new position in Royal Gold during the second quarter valued at approximately $226,000. 83.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RGLD has been the topic of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. Raymond James Financial set a $264.00 price target on Royal Gold in a research report on Thursday, November 6th. Finally, Bank of America increased their target price on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.40.

Royal Gold Stock Up 1.2%

NASDAQ:RGLD opened at $203.11 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89. The company has a market cap of $17.14 billion, a PE ratio of 27.90, a PEG ratio of 0.77 and a beta of 0.48. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $209.42. The stock has a 50-day simple moving average of $190.62 and a 200 day simple moving average of $179.98.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). The firm had revenue of $250.23 million for the quarter, compared to analyst estimates of $275.11 million. Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The company’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company earned $1.47 EPS. On average, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, January 2nd. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s dividend payout ratio (DPR) is presently 24.73%.

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.