Alps Advisors Inc. Acquires 27,322 Shares of Royal Gold, Inc. $RGLD

Alps Advisors Inc. increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 28.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 124,996 shares of the basic materials company’s stock after buying an additional 27,322 shares during the quarter. Alps Advisors Inc.’s holdings in Royal Gold were worth $25,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGLD. Norges Bank acquired a new position in Royal Gold during the second quarter worth $68,029,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Royal Gold by 1,090.1% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 319,454 shares of the basic materials company’s stock worth $56,811,000 after purchasing an additional 292,611 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Royal Gold by 52.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock worth $148,173,000 after purchasing an additional 286,268 shares in the last quarter. Nomura Holdings Inc. bought a new position in Royal Gold during the 2nd quarter valued at about $45,184,000. Finally, Invesco Ltd. lifted its holdings in Royal Gold by 19.5% during the 2nd quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock valued at $165,095,000 after purchasing an additional 151,492 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of recent analyst reports. Bank of America raised their price target on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. Wall Street Zen lowered Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the company an “outperform” rating in a report on Tuesday, October 21st. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a report on Wednesday. Finally, TD Cowen raised their price objective on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.50.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD opened at $265.77 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. Royal Gold, Inc. has a 1-year low of $142.95 and a 1-year high of $306.25. The stock has a market capitalization of $22.43 billion, a P/E ratio of 36.51, a P/E/G ratio of 0.73 and a beta of 0.49. The business has a 50-day moving average price of $241.62 and a two-hundred day moving average price of $202.89.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The company had revenue of $250.23 million for the quarter, compared to analyst estimates of $275.11 million. During the same period last year, the firm earned $1.47 earnings per share. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a $0.475 dividend. The ex-dividend date was Friday, January 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s payout ratio is presently 26.10%.

Royal Gold Company 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.