Vanguard Group Inc. Increases Stock Holdings in Royal Gold, Inc. $RGLD

Vanguard Group Inc. grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,717,367 shares of the basic materials company’s stock after purchasing an additional 8,200 shares during the period. Vanguard Group Inc. owned approximately 10.20% of Royal Gold worth $1,347,369,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC grew its position in Royal Gold by 8.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock valued at $319,140,000 after buying an additional 137,524 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Royal Gold by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock worth $311,457,000 after acquiring an additional 61,352 shares during the period. Invesco Ltd. lifted its stake in shares of Royal Gold by 19.5% in the 2nd 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. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Royal Gold by 52.3% in 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 acquiring an additional 286,268 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Royal Gold by 35.0% during the third quarter. Swedbank AB now owns 424,129 shares of the basic materials company’s stock worth $85,072,000 after acquiring an additional 109,981 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of RGLD stock opened at $285.54 on Friday. The stock has a fifty day moving average price of $256.65 and a 200 day moving average price of $211.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 3.12. The stock has a market cap of $24.10 billion, a PE ratio of 41.93, a P/E/G ratio of 0.81 and a beta of 0.49. Royal Gold, Inc. has a 1 year low of $142.95 and a 1 year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $360.85 million during the quarter, compared to analysts’ expectations of $425.47 million. During the same quarter in the prior year, the business earned $1.63 EPS. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. Sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price for the company. in a research note on Monday, January 26th. Raymond James Financial set a $264.00 price target on Royal Gold in a research note on Thursday, November 6th. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Wall Street Zen downgraded Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and an average price target of $251.50.

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.