Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,409 shares of the basic materials company’s stock after selling 110 shares during the period. Advisory Services Network LLC’s holdings in Royal Gold were worth $412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Royal Gold by 0.5% during the fourth quarter. Van ECK Associates Corp now owns 4,303,377 shares of the basic materials company’s stock valued at $520,536,000 after buying an additional 22,701 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Royal Gold by 1.0% during the 4th quarter. First Eagle Investment Management LLC now owns 3,667,169 shares of the basic materials company’s stock valued at $443,581,000 after acquiring an additional 37,885 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Royal Gold by 0.5% in the 3rd quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company’s stock valued at $74,339,000 after purchasing an additional 3,541 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Royal Gold by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 591,132 shares of the basic materials company’s stock worth $71,507,000 after purchasing an additional 20,443 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Royal Gold by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 463,245 shares of the basic materials company’s stock worth $56,034,000 after purchasing an additional 13,110 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling

In other news, SVP Daniel Breeze sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the completion of the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at $1,940,033.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the transaction, the senior vice president now owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $56,500.00. Following the sale, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms 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. Jefferies Financial Group began coverage on shares of Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target on the stock. BMO Capital Markets increased their price objective on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Scotiabank raised their price target on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Royal Gold presently has an average rating of “Hold” and an average price target of $142.13.

Read Our Latest Report on RGLD

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $128.19 on Monday. The stock has a market capitalization of $8.43 billion, a P/E ratio of 37.81, a P/E/G ratio of 1.08 and a beta of 0.91. The business has a 50-day moving average of $124.24 and a two-hundred day moving average of $118.34. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $134.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.50 and a quick ratio of 2.35.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company had revenue of $148.90 million during the quarter, compared to analyst estimates of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. On average, equities research analysts predict that Royal Gold, Inc. will post 4.5 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. Royal Gold’s payout ratio is presently 47.20%.

Royal Gold Profile

(Free Report)

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.

See Also

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

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