America First Investment Advisors LLC Has $30.76 Million Stock Holdings in Royal Gold, Inc. $RGLD

America First Investment Advisors LLC cut its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,348 shares of the basic materials company’s stock after selling 1,972 shares during the period. Royal Gold makes up 5.7% of America First Investment Advisors LLC’s portfolio, making the stock its 4th largest holding. America First Investment Advisors LLC owned about 0.23% of Royal Gold worth $30,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. Encompass More Asset Management boosted its position in shares of Royal Gold by 4.2% during the third quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock valued at $257,000 after buying an additional 52 shares during the period. Sowell Financial Services LLC lifted its stake 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 worth $274,000 after acquiring an additional 52 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 acquiring an additional 56 shares during the period. Compound Planning Inc. grew its position in Royal Gold by 4.4% in the 3rd quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock valued at $264,000 after acquiring an additional 56 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in Royal Gold by 2.3% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,635 shares of the basic materials company’s stock valued at $529,000 after acquiring an additional 59 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Royal Gold

In other news, Director William M. Hayes sold 4,173 shares of the stock in a transaction 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 sale, the director owned 6,129 shares in the company, valued at $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

Royal Gold Trading Down 0.1%

Shares of NASDAQ:RGLD opened at $285.21 on Tuesday. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. Royal Gold, Inc. has a 52-week low of $142.95 and a 52-week high of $306.25. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 0.85 and a beta of 0.49. The business has a 50-day moving average price of $258.04 and a 200-day moving average price of $212.91.

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

Wall Street Analyst Weigh In

RGLD has been the subject of a number of research analyst reports. TD Cowen lifted their target price on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. Wall Street Zen downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 target price on shares of Royal Gold in a research report on Sunday, December 7th. Finally, Raymond James Financial set a $264.00 price target on Royal Gold in a report on Thursday, November 6th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus price target of $251.50.

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.