Farther Finance Advisors LLC Sells 1,183 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Farther Finance Advisors LLC cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 65.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 631 shares of the basic materials company’s stock after selling 1,183 shares during the quarter. Farther Finance Advisors LLC’s holdings in Royal Gold were worth $89,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Royal Gold during the third quarter worth about $49,000. Blue Trust Inc. increased its holdings in Royal Gold by 108.7% during the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 213 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Royal Gold in the second quarter worth approximately $62,000. 1832 Asset Management L.P. bought a new position in shares of Royal Gold in the second quarter valued at approximately $65,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Royal Gold during the second quarter valued at approximately $75,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Down 1.5 %

Shares of NASDAQ:RGLD opened at $141.32 on Wednesday. The company has a 50-day moving average price of $143.81 and a two-hundred day moving average price of $135.33. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10. The firm has a market capitalization of $9.29 billion, a PE ratio of 32.41, a P/E/G ratio of 1.24 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. The business had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. Royal Gold’s revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. Analysts anticipate that Royal Gold, Inc. will post 5.07 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $0.40 per share. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Royal Gold’s dividend payout ratio (DPR) is currently 36.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Raymond James increased their price target on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday. TD Securities increased their target price on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group boosted their price target on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Finally, Scotiabank boosted their target price on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold currently has an average rating of “Hold” and a consensus target price of $165.43.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now owns 7,430 shares of the company’s stock, valued at $1,042,503.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the sale, the senior vice president now owns 7,430 shares of the company’s stock, valued at $1,042,503.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,355 shares of company stock worth $1,038,155 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Royal Gold Company 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.