Focus Partners Advisor Solutions LLC Sells 2,013 Shares of Royal Gold, Inc. $RGLD

Focus Partners Advisor Solutions LLC cut its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 24.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,379 shares of the basic materials company’s stock after selling 2,013 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Royal Gold were worth $1,203,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caldwell Trust Co purchased a new stake in Royal Gold during the second quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Royal Gold by 33.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Royal Gold in the 3rd quarter worth about $50,000. Spire Wealth Management bought a new position in shares of Royal Gold during the 3rd quarter valued at about $64,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Royal Gold by 248.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 229 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

RGLD stock opened at $279.84 on Friday. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 1.67 and a beta of 0.48. The firm’s 50-day moving average price is $268.78 and its two-hundred day moving average price is $219.65. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. Royal Gold, Inc. has a 12-month low of $149.66 and a 12-month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its 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 return on equity of 11.89% and a net margin of 45.26%.The firm had revenue of $360.85 million for the quarter, compared to analysts’ expectations of $425.47 million. During the same quarter in the prior year, the company posted $1.63 earnings per share. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. As a group, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be issued a $0.475 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

Insider Buying and Selling

In other news, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president directly owned 20,140 shares in the company, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William M. Hayes sold 4,173 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RGLD has been the topic of a number of research reports. Jefferies Financial Group reissued a “buy” rating and set a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. Finally, Scotiabank lowered shares of 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. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.50.

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.