Brighton Jones LLC Sells 3,826 Shares of Royal Gold, Inc. $RGLD

Brighton Jones LLC cut its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 77.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,112 shares of the basic materials company’s stock after selling 3,826 shares during the quarter. Brighton Jones LLC’s holdings in Royal Gold were worth $223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Royal Gold during the 1st quarter worth about $27,000. Cullen Frost Bankers Inc. lifted its stake in shares of Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 148 shares during the period. Blue Trust Inc. boosted its position in shares of Royal Gold by 56.8% during the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Caldwell Trust Co acquired a new stake in Royal Gold during the second quarter worth approximately $36,000. Finally, Bayforest Capital Ltd grew its stake in Royal Gold by 256.5% during the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

RGLD has been the topic of several recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Royal Gold in a research note on Thursday, October 23rd. CIBC boosted their target price on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.60.

Royal Gold Stock Performance

RGLD opened at $233.32 on Monday. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average price is $197.22 and its two-hundred day moving average price is $184.61. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $235.52. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 0.89 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The business had revenue of $250.23 million for the quarter, compared to analyst estimates of $275.11 million. During the same quarter in the prior year, the business earned $1.47 earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s dividend payout ratio is presently 24.73%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.