IHT Wealth Management LLC raised its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 69.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,476 shares of the basic materials company’s stock after acquiring an additional 2,644 shares during the quarter. IHT Wealth Management LLC’s holdings in Royal Gold were worth $697,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in Royal Gold by 383.3% in the 1st quarter. Lindbrook Capital LLC now owns 319 shares of the basic materials company’s stock worth $34,000 after buying an additional 253 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $54,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Royal Gold during the 1st quarter worth approximately $65,000. Tompkins Financial Corp acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $88,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Royal Gold by 256.0% during the 1st quarter. Captrust Financial Advisors now owns 972 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 699 shares during the last quarter. Institutional investors own 78.68% of the company’s stock.
RGLD has been the topic of several recent research reports. TD Securities boosted their target price on Royal Gold from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 7th. National Bankshares boosted their target price on Royal Gold from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Thursday, May 20th. Royal Bank of Canada boosted their target price on Royal Gold from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, April 23rd. National Bank Financial boosted their target price on Royal Gold from C$155.00 to C$160.00 and gave the stock a “sector perform” rating in a report on Friday, July 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Royal Gold from $143.00 to $134.00 in a report on Tuesday, April 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Royal Gold has a consensus rating of “Hold” and a consensus target price of $143.38.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, May 5th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $142.59 million for the quarter, compared to analyst estimates of $149.74 million. Royal Gold had a return on equity of 8.55% and a net margin of 47.53%. As a group, equities analysts predict that Royal Gold, Inc. will post 3.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 16th. Shareholders of record on Friday, July 2nd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, July 1st. Royal Gold’s payout ratio is 48.58%.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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