Thu Sep 26 14:12:54 UTC 2024: ## Institutional Investors Boost Stakes in Royal Gold (RGLD) amidst Positive Analyst Sentiment
**Toronto/New York, September 26, 2024** – Several institutional investors have increased their holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during recent quarters, indicating strong confidence in the basic materials company.
Pacer Advisors Inc. significantly expanded its position by 64.0% in the second quarter, acquiring an additional 9,410 shares. Other notable investors, including Capital World Investors, Vanguard Group Inc., Van ECK Associates Corp., and First Eagle Investment Management LLC, have also increased their stakes in the company, reflecting a positive outlook on Royal Gold’s future performance.
Meanwhile, the company has been receiving favorable ratings from analysts. CIBC upgraded its price objective on Royal Gold from $166.00 to $175.00, while StockNews.com raised its rating from “hold” to “buy.” Raymond James, BMO Capital Markets, and Jefferies Financial Group also boosted their target prices, contributing to an overall positive sentiment among analysts.
Royal Gold reported strong second-quarter earnings, exceeding analysts’ estimates for both earnings per share and revenue. The company’s revenue grew 20.9% year-over-year, driven by increased production from its portfolio of assets.
In addition to the positive investment activity and analyst ratings, Royal Gold recently declared a quarterly dividend of $0.40 per share, representing a 1.09% yield.
Overall, these developments indicate a positive outlook for Royal Gold. The company’s strong financial performance, coupled with institutional investor confidence and favorable analyst sentiment, suggest a promising future for the company.
**Disclaimer:** This news article is based on information from the provided text and should not be considered financial advice.
First Piper 