DDD Partners LLC Purchases Shares of 8,556 Royal Gold, Inc. $RGLD

DDD Partners LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,556 shares of the basic materials company’s stock, valued at approximately $1,716,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Royal Gold by 8.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock worth $319,140,000 after purchasing an additional 137,524 shares during the period. Geode Capital Management LLC grew its holdings in shares of Royal Gold by 3.6% in the second quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock worth $311,457,000 after purchasing an additional 61,352 shares during the last quarter. Invesco Ltd. increased its stake in shares of Royal Gold by 19.5% in the second quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock worth $165,095,000 after buying an additional 151,492 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Royal Gold by 52.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock valued at $148,173,000 after buying an additional 286,268 shares during the last quarter. Finally, Swedbank AB boosted its position in Royal Gold by 35.0% during the 3rd quarter. Swedbank AB now owns 424,129 shares of the basic materials company’s stock valued at $85,072,000 after buying an additional 109,981 shares during the period. Institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

RGLD has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. TD Cowen boosted their target price on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.50.

Royal Gold Stock Up 4.9%

RGLD stock opened at $286.10 on Friday. Royal Gold, Inc. has a fifty-two week low of $142.95 and a fifty-two week high of $306.25. The company has a market capitalization of $24.15 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 0.81 and a beta of 0.49. The business’s 50 day moving average price is $249.61 and its two-hundred day moving average price is $206.95. 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 firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s payout ratio 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.