Ruffer LLP Purchases New Shares in Royal Gold, Inc. $RGLD

Ruffer LLP acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the third quarter, Holdings Channel reports. The fund acquired 82,940 shares of the basic materials company’s stock, valued at approximately $16,636,000.

A number of other large investors also recently made changes to their positions in RGLD. Cullen Frost Bankers Inc. increased its stake in Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after buying an additional 148 shares during the last quarter. Blue Trust Inc. boosted its position in Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 71 shares during the last quarter. Caldwell Trust Co bought a new position in Royal Gold in the 2nd quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 period. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Royal Gold by 568.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after buying an additional 216 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 2.5%

Shares of NASDAQ:RGLD opened at $301.21 on Thursday. The firm has a market capitalization of $25.42 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 0.81 and a beta of 0.49. 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, Inc. has a 52-week low of $136.00 and a 52-week high of $302.53. The firm has a fifty day moving average of $231.46 and a 200 day moving average of $197.55.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). The business had revenue of $250.23 million during the quarter, compared to the consensus estimate of $275.11 million. Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The company’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share. As a group, research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, January 2nd. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s dividend payout ratio is currently 26.10%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. 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. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and a consensus price target of $243.50.

Royal Gold 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.