Duality Advisers LP Invests $216,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Posted by on May 9th, 2023

Duality Advisers LP bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,914 shares of the basic materials company’s stock, valued at approximately $216,000.

Other large investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC boosted its holdings in Royal Gold by 200.0% during the third quarter. Harbor Investment Advisory LLC now owns 300 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Fiduciary Alliance LLC bought a new stake in Royal Gold during the fourth quarter valued at about $28,000. Fifth Third Bancorp boosted its holdings in Royal Gold by 68.4% during the fourth quarter. Fifth Third Bancorp now owns 288 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 117 shares during the period. Quent Capital LLC boosted its holdings in Royal Gold by 39.6% during the fourth quarter. Quent Capital LLC now owns 314 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 89 shares during the period. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Royal Gold during the fourth quarter valued at about $35,000. 78.13% of the stock is currently owned by institutional investors.

Royal Gold Trading Down 0.3 %

Shares of NASDAQ:RGLD opened at $141.16 on Tuesday. The company’s 50-day moving average price is $129.44 and its two-hundred day moving average price is $119.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.44 and a quick ratio of 3.23. Royal Gold, Inc. has a one year low of $84.54 and a one year high of $147.82. The stock has a market capitalization of $9.27 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 3.67 and a beta of 0.65.

Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last issued its earnings results on Wednesday, May 3rd. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. Royal Gold had a net margin of 38.80% and a return on equity of 8.18%. The company had revenue of $170.40 million for the quarter, compared to analysts’ expectations of $162.77 million. During the same period in the prior year, the firm earned $0.99 EPS. Royal Gold’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Royal Gold, Inc. will post 3.86 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Wednesday, April 5th. Royal Gold’s payout ratio is currently 41.55%.

Analyst Ratings Changes

A number of research firms have issued reports on RGLD. Cantor Fitzgerald cut shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. BMO Capital Markets upped their price objective on shares of Royal Gold from $134.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, January 11th. National Bankshares cut their price objective on shares of Royal Gold from $165.00 to $160.00 and set a “sector perform” rating for the company in a research report on Friday. National Bank Financial upped their price objective on shares of Royal Gold from C$155.00 to C$165.00 in a research report on Tuesday, April 18th. Finally, StockNews.com raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Saturday, March 18th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.63.

Royal Gold Profile

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Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction.

See Also

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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