Raymond James Financial Services Advisors Inc. Has $611,000 Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,051 shares of the basic materials company’s stock after selling 841 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Royal Gold were worth $611,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of RGLD. Captrust Financial Advisors raised its stake in Royal Gold by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 2,702 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 85 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Royal Gold by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,042 shares of the basic materials company’s stock worth $572,000 after purchasing an additional 96 shares in the last quarter. Harbour Investments Inc. raised its stake in Royal Gold by 20.4% in the 4th quarter. Harbour Investments Inc. now owns 572 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 97 shares in the last quarter. Private Advisor Group LLC raised its stake in Royal Gold by 3.1% in the 3rd quarter. Private Advisor Group LLC now owns 3,835 shares of the basic materials company’s stock worth $408,000 after purchasing an additional 115 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. raised its stake in Royal Gold by 0.4% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 30,600 shares of the basic materials company’s stock worth $3,254,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insiders Place Their Bets

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

Royal Gold Trading Up 1.6 %

Shares of Royal Gold stock opened at $123.00 on Thursday. The firm has a market capitalization of $8.09 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 6.19 and a beta of 0.87. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $113.32 and its 200 day moving average is $114.09. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $147.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.20. The company had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. Equities research analysts forecast that Royal Gold, Inc. will post 4.35 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 43.96%.

Analyst Ratings Changes

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

Royal Gold Profile

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.