Wealth Enhancement Advisory Services LLC Purchases 103,619 Shares of Royal Gold, Inc. $RGLD

Wealth Enhancement Advisory Services LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 307.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,285 shares of the basic materials company’s stock after purchasing an additional 103,619 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.21% of Royal Gold worth $27,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Ilex Capital Partners UK LLP bought a new stake in Royal Gold during the second quarter worth about $1,397,000. Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Royal Gold by 275.8% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock valued at $1,335,000 after buying an additional 4,885 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Royal Gold by 576.4% in the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after buying an additional 29,927 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Royal Gold by 1,124.0% during the second quarter. Neuberger Berman Group LLC now owns 109,863 shares of the basic materials company’s stock worth $19,512,000 after buying an additional 100,887 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Royal Gold during the third quarter worth $4,989,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Up 0.7%

RGLD stock opened at $279.54 on Thursday. Royal Gold, Inc. has a fifty-two week low of $135.68 and a fifty-two week high of $283.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. The business’s fifty day moving average price is $220.80 and its two-hundred day moving average price is $192.95. The stock has a market capitalization of $23.59 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 0.76 and a beta of 0.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data 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). The business had revenue of $250.23 million during the quarter, compared to the consensus estimate of $275.11 million. Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. On average, equities analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date 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 Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. CIBC boosted their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Jefferies Financial Group restated a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a research note on Sunday, December 7th. Bank of America raised their price objective on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Royal Gold currently has a consensus 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.