Sequoia Financial Advisors LLC Takes Position in Royal Gold, Inc. $RGLD

Sequoia Financial Advisors LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,890 shares of the basic materials company’s stock, valued at approximately $379,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. grew its position in shares of Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after buying an additional 148 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 71 shares during the period. Caldwell Trust Co bought a new stake in Royal Gold in the second quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its position in Royal Gold by 33.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in Royal Gold by 568.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 216 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RGLD shares. Raymond James Financial set a $264.00 price objective on shares of Royal Gold in a research note on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Bank of America increased their price target on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. CIBC boosted their price objective on Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.50.

Royal Gold Trading Up 1.1%

RGLD opened at $293.73 on Wednesday. The company has a fifty day moving average price of $229.21 and a two-hundred day moving average price of $196.82. Royal Gold, Inc. has a 1-year low of $136.00 and a 1-year high of $299.60. The company has a market cap of $24.79 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 0.80 and a beta of 0.49. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23.

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

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued 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 dividend yield of 0.6%. The ex-dividend date was Friday, January 2nd. Royal Gold’s dividend payout ratio is presently 26.10%.

About Royal Gold

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.