Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,584 shares of the basic materials company’s stock after selling 233 shares during the quarter. Private Advisor Group LLC’s holdings in Royal Gold were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. grew its holdings in shares of Royal Gold by 600.0% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 17,850 shares of the basic materials company’s stock worth $2,919,000 after purchasing an additional 15,300 shares during the period. Forum Financial Management LP acquired a new position in Royal Gold during the first quarter valued at approximately $247,000. Verdence Capital Advisors LLC grew its stake in Royal Gold by 90.0% during the first quarter. Verdence Capital Advisors LLC now owns 2,956 shares of the basic materials company’s stock worth $483,000 after buying an additional 1,400 shares during the period. Trust Investment Advisors purchased a new stake in Royal Gold during the first quarter worth approximately $215,000. Finally, Parcion Private Wealth LLC acquired a new stake in shares of Royal Gold in the first quarter worth $333,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

RGLD opened at $151.93 on Tuesday. The company has a market capitalization of $10.00 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.10 and a beta of 0.44. Royal Gold, Inc. has a fifty-two week low of $125.68 and a fifty-two week high of $191.78. The business has a 50-day moving average of $172.51 and a 200-day moving average of $163.40.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The firm had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue was up 29.9% on a year-over-year basis. On average, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, July 3rd. Royal Gold’s dividend payout ratio is currently 29.80%.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their target price on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a “market perform” rating in a report on Thursday, May 22nd. CIBC increased their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.13.

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.