Signature Estate & Investment Advisors LLC Makes New Investment in Royal Gold, Inc. $RGLD

Signature Estate & Investment Advisors LLC acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 110,772 shares of the basic materials company’s stock, valued at approximately $22,219,000.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its position 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 acquiring an additional 148 shares during the last quarter. Blue Trust Inc. boosted its holdings in Royal Gold by 56.8% in 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 last quarter. Caldwell Trust Co acquired a new stake in Royal Gold during the 2nd quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Royal Gold by 33.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in Royal Gold by 568.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 216 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a report on Wednesday. Raymond James Financial set a $264.00 price objective on shares of Royal Gold in a research note on Thursday, November 6th. Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, BMO Capital Markets set a $240.00 target price on shares of Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.50.

Royal Gold Stock Up 4.8%

RGLD stock opened at $265.77 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. Royal Gold, Inc. has a 1-year low of $142.95 and a 1-year high of $306.25. The firm has a fifty day moving average price of $241.62 and a two-hundred day moving average price of $202.89. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 0.73 and a beta of 0.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (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 business had revenue of $250.23 million during the quarter, compared to the consensus estimate of $275.11 million. During the same quarter in the previous year, the business posted $1.47 earnings per share. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. Research analysts predict that Royal Gold, Inc. will post 6.2 EPS 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 paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.7%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, January 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 26.10%.

About Royal Gold

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.