Hussman Strategic Advisors Inc. Lowers Position in Royal Gold, Inc. $RGLD

Hussman Strategic Advisors Inc. lessened its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 57.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,300 shares of the basic materials company’s stock after selling 20,400 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Royal Gold were worth $3,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Encompass More Asset Management raised its stake in Royal Gold by 4.2% in the third quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 52 shares in the last quarter. Sowell Financial Services LLC raised its position in shares of Royal Gold by 4.0% during the 3rd quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock valued at $274,000 after buying an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Royal Gold by 33.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock valued at $44,000 after buying an additional 56 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Royal Gold by 2.3% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,635 shares of the basic materials company’s stock worth $529,000 after acquiring an additional 59 shares during the last quarter. Finally, Forum Financial Management LP grew its position in Royal Gold by 4.1% in the third quarter. Forum Financial Management LP now owns 1,746 shares of the basic materials company’s stock worth $350,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 1.1%

Shares of RGLD stock opened at $293.73 on Wednesday. The business has a 50-day moving average of $229.21 and a 200 day moving average of $196.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. Royal Gold, Inc. has a 1-year low of $136.00 and a 1-year high of $299.60. The stock has a market capitalization of $24.79 billion, a PE ratio of 40.35, a P/E/G ratio of 0.80 and a beta of 0.49.

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

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a $0.475 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.6%. Royal Gold’s payout ratio is 26.10%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RGLD. Raymond James Financial set a $264.00 price target on Royal Gold in a research report on Thursday, November 6th. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. CIBC upped their target price on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. TD Cowen increased their price target on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.50.

Royal Gold Company 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.