J. Safra Sarasin Holding AG Buys New Position in Royal Gold, Inc. $RGLD

J. Safra Sarasin Holding AG bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,804 shares of the basic materials company’s stock, valued at approximately $362,000.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake in Royal Gold by 8.2% during the second quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock worth $319,140,000 after acquiring an additional 137,524 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Royal Gold by 3.6% during the second quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock valued at $311,457,000 after purchasing an additional 61,352 shares during the period. Invesco Ltd. boosted its position in shares of Royal Gold by 19.5% during the 2nd quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock worth $165,095,000 after purchasing an additional 151,492 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Royal Gold by 52.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock valued at $148,173,000 after buying an additional 286,268 shares in the last quarter. Finally, Swedbank AB grew its stake in Royal Gold by 35.0% in the third quarter. Swedbank AB now owns 424,129 shares of the basic materials company’s stock valued at $85,072,000 after acquiring an additional 109,981 shares during the period. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

NASDAQ:RGLD opened at $291.98 on Friday. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 0.83 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89. The stock has a fifty day moving average of $233.63 and a 200 day moving average of $198.20. Royal Gold, Inc. has a 52-week low of $137.81 and a 52-week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.24). The company had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 EPS. On average, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a $0.475 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s payout ratio is 26.10%.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. 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. Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Finally, Bank of America raised their target price on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, October 16th. One research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.50.

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.