1,542 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) during the first quarter, HoldingsChannel.com reports. The firm acquired 1,542 shares of the basic materials company’s stock, valued at approximately $218,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group raised its position in Royal Gold by 39.7% in the first quarter. Rehmann Capital Advisory Group now owns 9,700 shares of the basic materials company’s stock valued at $1,371,000 after purchasing an additional 2,756 shares during the period. Ninety One UK Ltd raised its position in Royal Gold by 239.9% in the first quarter. Ninety One UK Ltd now owns 422,144 shares of the basic materials company’s stock valued at $59,641,000 after purchasing an additional 297,944 shares during the period. Neuberger Berman Group LLC purchased a new stake in Royal Gold in the first quarter valued at $416,000. Toroso Investments LLC raised its position in Royal Gold by 197.0% in the first quarter. Toroso Investments LLC now owns 6,817 shares of the basic materials company’s stock valued at $963,000 after purchasing an additional 4,522 shares during the period. Finally, Capital World Investors raised its position in Royal Gold by 1.7% in the first quarter. Capital World Investors now owns 7,968,897 shares of the basic materials company’s stock valued at $1,125,846,000 after purchasing an additional 134,461 shares during the period. Hedge funds and other institutional investors own 78.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RGLD. TD Securities reduced their target price on Royal Gold from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 5th. National Bank Financial dropped their price objective on Royal Gold from $165.00 to $150.00 in a research note on Thursday, July 21st. Canaccord Genuity Group raised Royal Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 13th. Raymond James dropped their price objective on Royal Gold from $144.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Finally, Canaccord Genuity Group raised Royal Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 13th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $138.00.

Royal Gold Price Performance

RGLD opened at $92.38 on Thursday. Royal Gold, Inc. has a 12 month low of $88.64 and a 12 month high of $147.70. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.69 and a beta of 0.65. The business has a fifty day moving average price of $98.68 and a 200 day moving average price of $115.86.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, October 6th. This represents a $1.40 annualized dividend and a yield of 1.52%. Royal Gold’s payout ratio is 33.41%.

Royal Gold Company Profile

(Get Rating)

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, and cobalt.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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