SG Americas Securities LLC Reduces Stake in Royal Gold, Inc. (NASDAQ:RGLD)

SG Americas Securities LLC lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) by 44.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,557 shares of the basic materials company’s stock after selling 4,497 shares during the period. SG Americas Securities LLC’s holdings in Royal Gold were worth $521,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its position in Royal Gold by 66.2% in the first quarter. State Street Corp now owns 4,153,139 shares of the basic materials company’s stock worth $588,192,000 after buying an additional 1,654,360 shares during the last quarter. Millennium Management LLC increased its holdings in Royal Gold by 2,691.2% in the 2nd quarter. Millennium Management LLC now owns 448,913 shares of the basic materials company’s stock worth $47,935,000 after acquiring an additional 432,830 shares during the last quarter. Clearbridge Investments LLC bought a new stake in Royal Gold in the 1st quarter valued at about $56,762,000. Van ECK Associates Corp lifted its holdings in Royal Gold by 11.2% during the second quarter. Van ECK Associates Corp now owns 3,970,568 shares of the basic materials company’s stock valued at $423,978,000 after purchasing an additional 399,888 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Royal Gold by 44.0% during the second quarter. Renaissance Technologies LLC now owns 792,342 shares of the basic materials company’s stock worth $84,606,000 after purchasing an additional 242,100 shares during the period. Institutional investors own 78.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Eight Capital cut their price objective on shares of Royal Gold to $143.00 in a report on Thursday, October 27th. StockNews.com raised Royal Gold from a “sell” rating to a “hold” rating in a report on Thursday, December 1st. National Bankshares boosted their price objective on Royal Gold from $120.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 13th. Raymond James raised their target price on Royal Gold from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 6th. Finally, TD Securities upped their price target on Royal Gold from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 6th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and an average price target of $138.09.

Insiders Place Their Bets

In other news, CFO Paul Libner sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $115.00, for a total value of $28,750.00. Following the completion of the sale, the chief financial officer now directly owns 14,265 shares in the company, valued at approximately $1,640,475. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

Royal Gold Price Performance

RGLD stock opened at $128.31 on Wednesday. The firm has a 50 day simple moving average of $114.64 and a two-hundred day simple moving average of $103.55. The stock has a market cap of $8.42 billion, a PE ratio of 33.59, a P/E/G ratio of 3.40 and a beta of 0.62. Royal Gold, Inc. has a one year low of $84.54 and a one year high of $147.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.82 and a quick ratio of 2.61.

Royal Gold (NASDAQ:RGLDGet Rating) (TSE:RGL) last announced its earnings results on Wednesday, November 2nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). Royal Gold had a return on equity of 8.84% and a net margin of 41.19%. The company had revenue of $131.43 million during the quarter. On average, analysts predict that Royal Gold, Inc. will post 3.26 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 20th. Investors of record on Friday, January 6th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Royal Gold’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, January 5th. Royal Gold’s dividend payout ratio (DPR) is currently 39.27%.

About Royal Gold

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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 following segments: Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests. 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.

Further Reading

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

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