Janney Montgomery Scott LLC Has $3.09 Million Holdings in Royal Gold, Inc. $RGLD

Janney Montgomery Scott LLC lessened its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 17,384 shares of the basic materials company’s stock after selling 341 shares during the period. Janney Montgomery Scott LLC’s holdings in Royal Gold were worth $3,092,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC grew its position in Royal Gold by 1.8% in the 1st quarter. Oxbow Advisors LLC now owns 116,887 shares of the basic materials company’s stock worth $19,112,000 after purchasing an additional 2,039 shares in the last quarter. Kaufman Rossin Wealth LLC purchased a new position in shares of Royal Gold in the 1st quarter worth approximately $278,000. Swedbank AB grew its holdings in shares of Royal Gold by 75.1% in the first quarter. Swedbank AB now owns 207,155 shares of the basic materials company’s stock valued at $33,872,000 after acquiring an additional 88,828 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Royal Gold by 8.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,196 shares of the basic materials company’s stock valued at $4,447,000 after acquiring an additional 2,015 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Royal Gold by 38.1% during the first quarter. QRG Capital Management Inc. now owns 3,718 shares of the basic materials company’s stock valued at $608,000 after acquiring an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD opened at $205.23 on Thursday. The firm has a market cap of $13.51 billion, a PE ratio of 30.09, a PEG ratio of 1.57 and a beta of 0.41. The stock’s fifty day moving average price is $181.69 and its two-hundred day moving average price is $175.44. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $205.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same period in the previous year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 3rd. Royal Gold’s payout ratio is presently 26.39%.

Wall Street Analyst Weigh In

RGLD has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday. Wall Street Zen raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. TD Securities reissued a “buy” rating and issued a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Finally, Canaccord Genuity Group boosted their price objective on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.63.

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.