Royal Gold, Inc. $RGLD Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 71.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,760 shares of the basic materials company’s stock after selling 6,784 shares during the period. Harbor Capital Advisors Inc.’s holdings in Royal Gold were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RGLD. WPG Advisers LLC acquired a new position in shares of Royal Gold during the first quarter worth about $27,000. Baird Financial Group Inc. lifted its position in Royal Gold by 13.1% during the 1st quarter. Baird Financial Group Inc. now owns 101,015 shares of the basic materials company’s stock worth $16,517,000 after acquiring an additional 11,693 shares in the last quarter. Twin Tree Management LP lifted its position in Royal Gold by 352.1% during the 1st quarter. Twin Tree Management LP now owns 43,178 shares of the basic materials company’s stock worth $7,060,000 after acquiring an additional 33,628 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Royal Gold in the 1st quarter worth approximately $961,000. Finally, EP Wealth Advisors LLC boosted its holdings in Royal Gold by 13.8% in the 1st quarter. EP Wealth Advisors LLC now owns 2,221 shares of the basic materials company’s stock worth $363,000 after acquiring an additional 270 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent research reports. CIBC boosted their target price on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Wall Street Zen lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Raymond James Financial set a $264.00 price target on Royal Gold in a research note on Thursday, November 6th. Finally, BMO Capital Markets set a $240.00 price target on shares of Royal Gold and gave the company an “outperform” rating in a report on Tuesday, October 21st. Eight equities research 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. Based on data from MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $234.60.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $233.32 on Monday. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $197.22 and its two-hundred day moving average price is $184.61. Royal Gold, Inc. has a 52-week low of $130.67 and a 52-week high of $235.52. The stock has a market capitalization of $19.69 billion, a P/E ratio of 32.05, a P/E/G ratio of 0.89 and a beta of 0.48.

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

Royal Gold Increases Dividend

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

Royal Gold Profile

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.