Tiemann Investment Advisors LLC Buys New Position in Royal Gold, Inc. $RGLD

Tiemann Investment Advisors LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, HoldingsChannel.com reports. The fund bought 4,619 shares of the basic materials company’s stock, valued at approximately $922,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Royal Gold in the second quarter valued at approximately $2,177,865,000. Vanguard Group Inc. lifted its stake in shares of Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after buying an additional 1,681,577 shares during the period. Capital International Investors acquired a new stake in Royal Gold during the fourth quarter worth approximately $332,026,000. Van ECK Associates Corp boosted its position in Royal Gold by 18.1% during the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock worth $1,311,607,000 after acquiring an additional 905,488 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Royal Gold by 89.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock worth $412,543,000 after acquiring an additional 874,329 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

RGLD opened at $236.62 on Tuesday. The company’s 50 day simple moving average is $206.65 and its 200 day simple moving average is $237.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. Royal Gold, Inc. has a 1 year low of $166.51 and a 1 year high of $306.25. The stock has a market capitalization of $20.05 billion, a PE ratio of 25.83, a P/E/G ratio of 1.74 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same period in the previous year, the firm earned $1.81 earnings per share. Royal Gold’s revenue was up 114.9% compared to the same quarter last year. As a group, sell-side analysts expect that Royal Gold, Inc. will post 10.33 EPS for the current year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is 20.74%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RGLD shares. UBS Group boosted their price target on Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada decreased their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. Jefferies Financial Group lowered their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $285.10.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. The trade was a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate insiders.

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.