Mutual of America Capital Management LLC Sells 2,110 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Mutual of America Capital Management LLC lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,591 shares of the basic materials company’s stock after selling 2,110 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Royal Gold were worth $4,910,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RGLD. US Bancorp DE grew its position in Royal Gold by 3.2% during the 1st quarter. US Bancorp DE now owns 3,913 shares of the basic materials company’s stock worth $552,000 after purchasing an additional 123 shares during the last quarter. HighTower Advisors LLC raised its position in Royal Gold by 17.9% during the first quarter. HighTower Advisors LLC now owns 6,544 shares of the basic materials company’s stock worth $921,000 after acquiring an additional 993 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Royal Gold during the first quarter worth $251,000. PNC Financial Services Group Inc. grew its holdings in shares of Royal Gold by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,042 shares of the basic materials company’s stock valued at $572,000 after purchasing an additional 96 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Royal Gold by 9.2% in the first quarter. Great West Life Assurance Co. Can now owns 35,641 shares of the basic materials company’s stock valued at $5,174,000 after purchasing an additional 2,988 shares during the period. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 2.2 %

RGLD stock opened at $120.07 on Monday. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $147.82. The stock has a market cap of $7.89 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 6.14 and a beta of 0.87. The firm’s 50-day simple moving average is $112.76 and its 200 day simple moving average is $113.82. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. The business had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. As a group, sell-side analysts predict that Royal Gold, Inc. will post 4.35 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, April 4th. Royal Gold’s payout ratio is 43.96%.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the sale, the senior vice president now owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several research analyst reports. BMO Capital Markets raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $148.00 to $158.00 in a research note on Wednesday, March 27th. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. Jefferies Financial Group began coverage on Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 target price on the stock. Finally, Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.67.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.