Profund Advisors LLC Grows Stock Holdings in Royal Gold, Inc. $RGLD

Profund Advisors LLC grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 38.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,620 shares of the basic materials company’s stock after buying an additional 2,682 shares during the period. Profund Advisors LLC’s holdings in Royal Gold were worth $1,930,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. boosted its holdings in Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 148 shares during the period. Blue Trust Inc. increased its stake in 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 purchasing an additional 71 shares during the period. Caldwell Trust Co bought a new stake in shares of Royal Gold during the second quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Royal Gold by 33.9% during the third 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, Spire Wealth Management purchased a new stake in shares of Royal Gold during the third quarter valued at $64,000. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RGLD. Raymond James Financial set a $264.00 price target on shares of Royal Gold in a research note on Thursday, November 6th. Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. TD Cowen boosted their price target on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.50.

Royal Gold Price Performance

Shares of RGLD opened at $279.21 on Tuesday. The company has a 50 day moving average price of $243.18 and a 200-day moving average price of $204.08. Royal Gold, Inc. has a fifty-two week low of $142.95 and a fifty-two week high of $306.25. The stock has a market capitalization of $23.57 billion, a PE ratio of 38.35, a PEG ratio of 0.73 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.

Royal Gold Increases Dividend

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