Laurel Wealth Advisors LLC Acquires 52,852 Shares of Royal Gold, Inc. $RGLD

Laurel Wealth Advisors LLC grew its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10,570.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,352 shares of the basic materials company’s stock after acquiring an additional 52,852 shares during the period. Laurel Wealth Advisors LLC’s holdings in Royal Gold were worth $9,488,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. WPG Advisers LLC purchased a new position in shares of Royal Gold in the first quarter valued at $27,000. Cullen Frost Bankers Inc. boosted its stake in Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 148 shares during the period. Banque Cantonale Vaudoise purchased a new position in Royal Gold during the 1st quarter valued at about $34,000. Blue Trust Inc. increased its position in shares of Royal Gold by 56.8% during the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after buying an additional 71 shares during the period. Finally, Bayforest Capital Ltd increased its position in shares of Royal Gold by 256.5% during the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after buying an additional 177 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $201.05 on Thursday. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $209.42. The firm has a market cap of $16.97 billion, a PE ratio of 29.48, a PEG ratio of 0.96 and a beta of 0.39. The company has a 50 day simple moving average of $189.33 and a two-hundred day simple moving average of $178.69.

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

Royal Gold Increases Dividend

The company 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 dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.9%. 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. Royal Gold’s dividend payout ratio is presently 26.10%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. CIBC raised their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Scotiabank reiterated an “outperform” rating on shares of Royal Gold in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Wall Street Zen cut shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.40.

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.