KBC Group NV Boosts Position in Royal Gold, Inc (RGLD)
KBC Group NV boosted its stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 5,094.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,480 shares of the basic materials company’s stock after acquiring an additional 92,661 shares during the quarter. KBC Group NV owned 0.14% of Royal Gold worth $8,129,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of RGLD. US Bancorp DE lifted its position in Royal Gold by 6.4% in the 2nd quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 127 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Royal Gold in the 2nd quarter valued at $256,000. World Asset Management Inc lifted its position in Royal Gold by 6.5% in the 2nd quarter. World Asset Management Inc now owns 4,351 shares of the basic materials company’s stock valued at $340,000 after acquiring an additional 267 shares in the last quarter. Sei Investments Co. lifted its position in Royal Gold by 660.2% in the 2nd quarter. Sei Investments Co. now owns 9,982 shares of the basic materials company’s stock valued at $780,000 after acquiring an additional 8,669 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Royal Gold by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 2,343 shares of the basic materials company’s stock valued at $183,000 after buying an additional 39 shares during the last quarter. 72.04% of the stock is currently owned by institutional investors and hedge funds.
RGLD has been the topic of several recent research reports. Zacks Investment Research lowered shares of Royal Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. National Bank Financial lifted their price target on shares of Royal Gold from $82.50 to $92.50 and gave the company a “sector perform” rating in a research note on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and issued a $105.00 price target (up from $99.00) on shares of Royal Gold in a research note on Thursday, August 10th. FBR & Co lifted their price target on shares of Royal Gold from $81.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, August 16th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price target on shares of Royal Gold in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $95.61.
Shares of Royal Gold, Inc (NASDAQ:RGLD) opened at $82.08 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. Royal Gold, Inc has a 52 week low of $60.21 and a 52 week high of $94.39. The stock has a market cap of $5,370.00, a price-to-earnings ratio of 56.37, a price-to-earnings-growth ratio of 4.70 and a beta of 0.46.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.07. The company had revenue of $112.50 million for the quarter, compared to analyst estimates of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. Royal Gold’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. equities research analysts anticipate that Royal Gold, Inc will post 1.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, January 4th. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. Royal Gold’s payout ratio is currently 62.34%.
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Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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