Financiere des Professionnels Fonds d investissement inc. Has $1.34 Million Holdings in Royal Gold, Inc. $RGLD

Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 275.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,656 shares of the basic materials company’s stock after acquiring an additional 4,885 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Royal Gold were worth $1,335,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RGLD. Cullen Frost Bankers Inc. boosted its holdings in shares of Royal Gold by 548.1% during the second quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 148 shares during the period. Blue Trust Inc. lifted its position in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after buying an additional 71 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of Royal Gold during the 2nd quarter valued at $36,000. Bayforest Capital Ltd grew its holdings in shares of Royal Gold by 256.5% during the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its stake in shares of Royal Gold by 568.4% in the second quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 216 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

RGLD opened at $221.12 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89. The company has a market cap of $18.66 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 0.57 and a beta of 0.49. The stock has a 50-day moving average of $200.97 and a 200-day moving average of $186.08. Royal Gold, Inc. has a 52-week low of $131.73 and a 52-week high of $235.52.

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). 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 during the quarter, compared to analyst estimates of $275.11 million. During the same quarter last year, the firm posted $1.47 earnings per share. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, January 2nd. Royal Gold’s dividend payout ratio is currently 24.73%.

Analysts Set New Price Targets

RGLD has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Zacks Research downgraded Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. Raymond James Financial set a $264.00 price objective on Royal Gold in a report on Thursday, November 6th. Finally, 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. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.60.

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.