Deutsche Bank AG Takes Position in Royal Gold, Inc. $RGLD

Deutsche Bank AG bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 347,302 shares of the basic materials company’s stock, valued at approximately $69,325,000.

A number of other institutional investors have also added to or reduced their stakes in RGLD. Plancorp LLC raised its holdings in shares of Royal Gold by 69.8% in the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock valued at $3,053,000 after purchasing an additional 5,646 shares during the period. World Investment Advisors bought a new position in Royal Gold during the fourth quarter worth about $1,024,000. TD Asset Management Inc increased its position in Royal Gold by 161.2% during the fourth quarter. TD Asset Management Inc now owns 43,836 shares of the basic materials company’s stock worth $9,744,000 after buying an additional 27,051 shares during the last quarter. Vestcor Inc increased its position in Royal Gold by 62.5% during the fourth quarter. Vestcor Inc now owns 32,177 shares of the basic materials company’s stock worth $7,153,000 after buying an additional 12,381 shares during the last quarter. Finally, WJ Financial Advisors LLC bought a new stake in Royal Gold in the fourth quarter valued at approximately $1,010,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RGLD shares. Jefferies Financial Group cut their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Royal Bank Of Canada dropped their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. UBS Group upped their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Royal Gold presently has a consensus rating of “Hold” and an average target price of $285.10.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $252.36 on Friday. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.87 and a beta of 0.44. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The stock has a fifty day moving average price of $209.14 and a 200-day moving average price of $236.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same quarter in the previous year, the firm earned $1.81 earnings per share. Royal Gold’s revenue for the quarter was up 114.9% compared to the same quarter last year. As a group, equities analysts anticipate that Royal Gold, Inc. will post 10.33 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 20.74%.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the transaction, the senior vice president directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

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.