Royal Gold Inc. (RGLD) Position Held by Stevens First Principles Investment Advisors
Stevens First Principles Investment Advisors held its position in shares of Royal Gold Inc. (NASDAQ:RGLD) during the second quarter, Holdings Channel reports. The firm owned 5,000 shares of the company’s stock at the end of the second quarter. Stevens First Principles Investment Advisors’ holdings in Royal Gold were worth $360,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of RGLD. BNP Paribas Arbitrage SA increased its position in shares of Royal Gold by 3,648.9% in the second quarter. BNP Paribas Arbitrage SA now owns 26,692 shares of the company’s stock worth $1,922,000 after buying an additional 25,980 shares in the last quarter. LPL Financial LLC increased its position in shares of Royal Gold by 2.2% in the first quarter. LPL Financial LLC now owns 55,221 shares of the company’s stock worth $2,847,000 after buying an additional 1,179 shares in the last quarter. Sun Valley Gold LLC increased its position in shares of Royal Gold by 154.3% in the first quarter. Sun Valley Gold LLC now owns 535,689 shares of the company’s stock worth $27,475,000 after buying an additional 325,000 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Royal Gold by 2.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 59,289 shares of the company’s stock worth $3,041,000 after buying an additional 1,648 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Royal Gold during the first quarter worth $2,119,000. Institutional investors and hedge funds own 68.97% of the company’s stock.
Royal Gold Inc. (NASDAQ:RGLD) traded up 0.63% during mid-day trading on Friday, hitting $66.00. The stock had a trading volume of 594,660 shares. The company’s market capitalization is $4.31 billion. Royal Gold Inc. has a 52 week low of $24.68 and a 52 week high of $87.74. The stock’s 50-day moving average is $77.71 and its 200 day moving average is $68.81.
Royal Gold (NASDAQ:RGLD) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business had revenue of $94.10 million for the quarter, compared to analyst estimates of $100.62 million. Royal Gold had a positive return on equity of 2.81% and a negative net margin of 21.44%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. Equities analysts forecast that Royal Gold Inc. will post $1.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, September 28th. Royal Gold’s payout ratio is presently -77.97%.
A number of brokerages have commented on RGLD. FBR & Co boosted their target price on Royal Gold from $78.00 to $80.00 and gave the company a “mkt perform” rating in a research note on Friday, August 12th. Barclays PLC boosted their target price on Royal Gold from $62.00 to $99.00 and gave the company an “overweight” rating in a research note on Monday, August 8th. Zacks Investment Research downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, September 7th. HSBC restated a “buy” rating on shares of Royal Gold in a research note on Thursday, July 7th. Finally, RBC Capital Markets restated an “outperform” rating on shares of Royal Gold in a research note on Tuesday, September 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $72.29.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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