American Century Companies Inc. Trims Holdings in Royal Gold, Inc. $RGLD

American Century Companies Inc. lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 26.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 177,483 shares of the basic materials company’s stock after selling 62,940 shares during the quarter. American Century Companies Inc. owned approximately 0.27% of Royal Gold worth $35,600,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RGLD. AQR Capital Management LLC increased its stake in shares of Royal Gold by 8.2% during the second quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock valued at $319,140,000 after buying an additional 137,524 shares during the period. Geode Capital Management LLC boosted its holdings in Royal Gold by 3.6% in the second quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock valued at $311,457,000 after acquiring an additional 61,352 shares in the last quarter. Invesco Ltd. boosted its holdings in Royal Gold by 19.5% in the second quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock valued at $165,095,000 after acquiring an additional 151,492 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Royal Gold by 52.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock valued at $148,173,000 after purchasing an additional 286,268 shares during the period. Finally, Swedbank AB increased its position in Royal Gold by 35.0% during the 3rd quarter. Swedbank AB now owns 424,129 shares of the basic materials company’s stock valued at $85,072,000 after purchasing an additional 109,981 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Insider Activity

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

Royal Gold Price Performance

RGLD opened at $279.84 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 1.69 and a beta of 0.48. The stock has a fifty day simple moving average of $268.78 and a two-hundred day simple moving average of $220.02. 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 announced its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The business had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business’s quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

RGLD has been the subject of several research reports. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group restated a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Finally, TD Cowen lifted their price objective on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $251.50.

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.