Lbp Am Sa Invests $395,000 in Royal Gold, Inc. $RGLD

Lbp Am Sa bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,971 shares of the basic materials company’s stock, valued at approximately $395,000.

Several other institutional investors have also recently made changes to their positions in RGLD. Ilex Capital Partners UK LLP bought a new stake in shares of Royal Gold during the 2nd quarter valued at $1,397,000. Financiere des Professionnels Fonds d investissement inc. increased its position in shares of Royal Gold by 275.8% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock valued at $1,335,000 after buying an additional 4,885 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in shares of Royal Gold by 576.4% in the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after acquiring an additional 29,927 shares during the period. Neuberger Berman Group LLC grew its stake in Royal Gold by 1,124.0% during the second quarter. Neuberger Berman Group LLC now owns 109,863 shares of the basic materials company’s stock valued at $19,512,000 after acquiring an additional 100,887 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Royal Gold during the 3rd quarter worth approximately $4,989,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RGLD. Jefferies Financial Group restated a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Raymond James Financial set a $264.00 price target on Royal Gold in a report on Thursday, November 6th. CIBC lifted their price target on Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, TD Cowen upped their price objective on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.50.

Royal Gold Price Performance

RGLD opened at $301.21 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. The stock’s 50 day simple moving average is $231.46 and its 200 day simple moving average is $197.55. The firm has a market cap of $25.42 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 0.81 and a beta of 0.49. Royal Gold, Inc. has a 1 year low of $136.00 and a 1 year high of $302.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data 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). Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The company had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. During the same period last year, the company posted $1.47 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued 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 0.6%. The ex-dividend date was Friday, January 2nd. Royal Gold’s dividend payout ratio is currently 26.10%.

Royal Gold 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.