Creative Planning Boosts Holdings in Royal Gold, Inc. $RGLD

Creative Planning boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 28.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,451 shares of the basic materials company’s stock after buying an additional 2,723 shares during the quarter. Creative Planning’s holdings in Royal Gold were worth $2,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. NorthRock Partners LLC increased its stake in shares of Royal Gold by 4.5% in the 1st quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 68 shares in the last quarter. Blue Trust Inc. grew its holdings in Royal Gold by 56.8% during the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares during the period. Signaturefd LLC increased its position in Royal Gold by 7.5% in the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock worth $189,000 after buying an additional 74 shares in the last quarter. Intech Investment Management LLC increased its position in Royal Gold by 0.5% in the first quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company’s stock worth $2,705,000 after buying an additional 78 shares in the last quarter. Finally, Tiemann Investment Advisors LLC raised its stake in shares of Royal Gold by 3.6% in the second quarter. Tiemann Investment Advisors LLC now owns 2,254 shares of the basic materials company’s stock worth $401,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Royal Gold stock opened at $192.38 on Wednesday. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $209.42. The firm’s 50 day moving average price is $189.08 and its 200-day moving average price is $178.53. The stock has a market cap of $16.24 billion, a P/E ratio of 28.21, a PEG ratio of 0.96 and a beta of 0.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results 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 56.24% and a return on equity of 13.30%. The business’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. As a group, equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.475 per share. The ex-dividend date is Friday, January 2nd. This is a positive change 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 1.0%. Royal Gold’s dividend payout ratio (DPR) is 26.10%.

Analysts Set New Price Targets

RGLD has been the subject of a number of recent research reports. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a report on Thursday, October 23rd. CIBC increased their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Bank of America raised their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, October 16th. Finally, TD Cowen upped their target price on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.40.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.