Royal Gold, Inc. $RGLD Shares Sold by Armor Advisors L.L.C.

Armor Advisors L.L.C. lessened its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,805 shares of the basic materials company’s stock after selling 4,800 shares during the quarter. Royal Gold accounts for approximately 6.6% of Armor Advisors L.L.C.’s holdings, making the stock its 4th largest holding. Armor Advisors L.L.C. owned 0.09% of Royal Gold worth $11,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Prospera Financial Services Inc bought a new stake in Royal Gold in the 3rd quarter valued at approximately $1,068,000. Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Royal Gold by 275.8% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock worth $1,335,000 after purchasing an additional 4,885 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new position in Royal Gold during the second quarter worth $1,397,000. Ruffer LLP bought a new position in Royal Gold in the third quarter valued at $16,636,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in Royal Gold by 576.4% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after buying an additional 29,927 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on RGLD shares. Raymond James Financial set a $264.00 price objective on shares of Royal Gold in a research note on Thursday, November 6th. Jefferies Financial Group reissued a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a report on Monday, January 26th. Finally, TD Cowen boosted their target price on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $251.50.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $285.54 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $24.10 billion, a P/E ratio of 41.93, a P/E/G ratio of 0.85 and a beta of 0.49. Royal Gold, Inc. has a 12 month low of $142.95 and a 12 month high of $306.25. The stock has a 50 day moving average of $256.65 and a 200-day moving average of $211.72.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business had revenue of $360.85 million during the quarter, compared to the consensus estimate of $425.47 million. During the same quarter last year, the company posted $1.63 EPS. The firm’s revenue was up 85.2% on a year-over-year basis. As a group, equities research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

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.