Krilogy Financial LLC Purchases New Position in Royal Gold, Inc. $RGLD

Krilogy Financial LLC purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the third quarter, Holdings Channel reports. The firm purchased 4,104 shares of the basic materials company’s stock, valued at approximately $823,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Royal Gold in the 3rd quarter worth about $50,000. Navellier & Associates Inc. boosted its position in Royal Gold by 26.0% in the third quarter. Navellier & Associates Inc. now owns 2,853 shares of the basic materials company’s stock valued at $572,000 after buying an additional 588 shares in the last quarter. Prospera Financial Services Inc acquired a new position in Royal Gold in the third quarter valued at about $1,068,000. Profund Advisors LLC grew its stake in Royal Gold by 38.7% during the third quarter. Profund Advisors LLC now owns 9,620 shares of the basic materials company’s stock worth $1,930,000 after buying an additional 2,682 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Royal Gold by 22.5% during the third quarter. ProShare Advisors LLC now owns 225,400 shares of the basic materials company’s stock worth $45,211,000 after buying an additional 41,382 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RGLD has been the topic of several recent analyst reports. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective on the stock. in a research note on Monday, January 26th. BMO Capital Markets set a $240.00 target price on Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, TD Cowen lifted their price target on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $251.50.

Royal Gold Stock Up 4.9%

Shares of RGLD opened at $286.10 on Friday. The business’s fifty day moving average price is $249.61 and its two-hundred day moving average price is $206.95. The firm has a market capitalization of $24.15 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 0.81 and a beta of 0.49. Royal Gold, Inc. has a 52 week low of $142.95 and a 52 week high of $306.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89.

Royal Gold Increases Dividend

The company 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 is a positive change from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s dividend payout ratio is 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.