D.A. Davidson & CO. Sells 993 Shares of Royal Gold, Inc. $RGLD

D.A. Davidson & CO. lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 31.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,119 shares of the basic materials company’s stock after selling 993 shares during the quarter. D.A. Davidson & CO.’s holdings in Royal Gold were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RGLD. WPG Advisers LLC purchased a new stake in Royal Gold in the first quarter worth approximately $27,000. Cullen Frost Bankers Inc. boosted its holdings in Royal Gold by 548.1% in the second quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 148 shares during the last quarter. Blue Trust Inc. boosted its holdings in Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 71 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Royal Gold in the first quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Royal Gold in the first quarter worth approximately $40,000. 83.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. TD Securities restated a “buy” rating and issued a $237.00 target price (up previously from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. BMO Capital Markets set a $240.00 price target on shares of Royal Gold and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Raymond James Financial set a $257.00 price target on shares of Royal Gold and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and an average price target of $220.44.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $177.82 on Friday. The stock has a market cap of $11.71 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 0.96 and a beta of 0.41. The firm has a fifty day moving average price of $189.19 and a 200-day moving average price of $178.51. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $209.42.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The company had revenue of $209.64 million during the quarter, compared to analysts’ expectations of $186.63 million. During the same period last year, the company posted $1.25 earnings per share. Royal Gold’s quarterly revenue was up 20.4% on a year-over-year basis. On average, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is 26.39%.

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.