GoalVest Advisory LLC Takes $174,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

GoalVest Advisory LLC bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,430 shares of the basic materials company’s stock, valued at approximately $174,000.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in Royal Gold during the third quarter valued at approximately $108,000. Envestnet Asset Management Inc. raised its holdings in shares of Royal Gold by 157.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,382 shares of the basic materials company’s stock worth $5,463,000 after buying an additional 31,399 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Royal Gold during the 3rd quarter worth $1,138,000. Northern Trust Corp boosted its stake in Royal Gold by 0.5% in the third quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company’s stock valued at $74,339,000 after buying an additional 3,541 shares in the last quarter. Finally, Natixis Advisors L.P. grew its position in Royal Gold by 8.6% in the third quarter. Natixis Advisors L.P. now owns 22,035 shares of the basic materials company’s stock valued at $2,343,000 after acquiring an additional 1,744 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RGLD. Bank of America increased their target price on shares of Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a report on Wednesday. Scotiabank raised their target price on shares of Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. Jefferies Financial Group initiated coverage on shares of Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 target price on the stock. Finally, BMO Capital Markets raised their price objective on Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Royal Gold presently has an average rating of “Hold” and an average price target of $142.25.

Get Our Latest Analysis on Royal Gold

Royal Gold Stock Up 0.6 %

Shares of NASDAQ:RGLD opened at $125.68 on Friday. The business has a fifty day simple moving average of $125.50 and a 200 day simple moving average of $119.21. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $134.56. The firm has a market cap of $8.26 billion, a P/E ratio of 37.07, a P/E/G ratio of 1.05 and a beta of 0.91. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates 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%. Royal Gold’s revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. Analysts predict that Royal Gold, Inc. will post 4.51 earnings per share for the current year.

Royal Gold Dividend Announcement

The company 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, July 5th. Royal Gold’s dividend payout ratio is currently 47.20%.

Insider Transactions at Royal Gold

In related news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the transaction, the senior vice president now owns 14,840 shares in the company, valued at $1,940,033.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.52% of the stock is currently owned by corporate insiders.

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.

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

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