Prospera Financial Services Inc Buys New Position in Royal Gold, Inc. $RGLD

Prospera Financial Services Inc bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 5,325 shares of the basic materials company’s stock, valued at approximately $1,068,000.

A number of other large investors also recently made changes to their positions in RGLD. Norges Bank bought a new stake in Royal Gold in the 2nd quarter worth about $68,029,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Royal Gold by 1,090.1% in 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 buying an additional 292,611 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Royal Gold by 52.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock valued at $148,173,000 after buying an additional 286,268 shares during the period. Nomura Holdings Inc. purchased a new stake in Royal Gold during the second quarter worth about $45,184,000. Finally, Invesco Ltd. raised its position in Royal Gold by 19.5% in the second quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock worth $165,095,000 after acquiring an additional 151,492 shares during the period. 83.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RGLD. Raymond James Financial set a $264.00 target price on shares of Royal Gold in a research report on Thursday, November 6th. Wall Street Zen lowered Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. TD Cowen increased their price target on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Finally, BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.50.

Royal Gold Stock Performance

NASDAQ RGLD opened at $286.10 on Friday. The company’s 50 day simple moving average is $249.61 and its two-hundred day simple moving average is $207.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. Royal Gold, Inc. has a 1 year low of $142.95 and a 1 year high of $306.25. The stock has a market capitalization of $24.15 billion, a PE ratio of 39.30, a P/E/G ratio of 0.85 and a beta of 0.49.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a dividend of $0.475 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, January 2nd. Royal Gold’s dividend payout ratio is 26.10%.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.