Royal Gold, Inc. $RGLD Shares Bought by Oak Thistle LLC

Oak Thistle LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 264.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,426 shares of the basic materials company’s stock after purchasing an additional 6,113 shares during the quarter. Oak Thistle LLC’s holdings in Royal Gold were worth $1,690,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in Royal Gold by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock valued at $152,628,000 after acquiring an additional 55,685 shares in the last quarter. American Century Companies Inc. lifted its stake in Royal Gold by 5.9% in the 1st quarter. American Century Companies Inc. now owns 234,788 shares of the basic materials company’s stock worth $38,390,000 after purchasing an additional 13,017 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Royal Gold by 18.7% during the 1st quarter. Raymond James Financial Inc. now owns 107,974 shares of the basic materials company’s stock worth $17,655,000 after purchasing an additional 16,977 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Royal Gold by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 276 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 250 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of Royal Gold in the first quarter valued at approximately $307,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RGLD has been the topic of a number of analyst reports. CIBC lifted their price objective on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a research note on Thursday, October 23rd. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.60.

Royal Gold Price Performance

NASDAQ:RGLD opened at $222.29 on Thursday. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $224.77. The stock’s fifty day moving average is $192.70 and its two-hundred day moving average is $182.10. The company has a market capitalization of $18.76 billion, a P/E ratio of 30.53, a P/E/G ratio of 0.84 and a beta of 0.48. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.23.

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 business had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. Equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Increases Dividend

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