Hussman Strategic Advisors Inc. Has $782,000 Position in Royal Gold, Inc. (RGLD)
Hussman Strategic Advisors Inc. held its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the basic materials company’s stock at the end of the second quarter. Hussman Strategic Advisors Inc.’s holdings in Royal Gold were worth $782,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC increased its position in shares of Royal Gold by 6.2% in the first quarter. Meadow Creek Investment Management LLC now owns 1,648 shares of the basic materials company’s stock valued at $115,000 after buying an additional 96 shares during the last quarter. US Bancorp DE increased its position in shares of Royal Gold by 6.4% in the second quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock valued at $166,000 after buying an additional 127 shares during the last quarter. Neuburgh Advisers LLC increased its position in shares of Royal Gold by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,266 shares of the basic materials company’s stock valued at $159,000 after buying an additional 132 shares during the last quarter. IFP Advisors Inc increased its position in shares of Royal Gold by 1.7% in the second quarter. IFP Advisors Inc now owns 2,343 shares of the basic materials company’s stock valued at $183,000 after buying an additional 39 shares during the last quarter. Finally, Hexavest Inc. bought a new position in shares of Royal Gold during the first quarter valued at approximately $166,000. 70.57% of the stock is currently owned by institutional investors.
Royal Gold, Inc. (NASDAQ RGLD) opened at 84.53 on Wednesday. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 54.01 and a beta of 0.68. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $87.90. The stock has a 50 day moving average price of $80.74 and a 200 day moving average price of $73.80.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.02. The firm had revenue of $107 million for the quarter, compared to analysts’ expectations of $105.14 million. Royal Gold had a return on equity of 4.22% and a net margin of 23.93%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Equities research analysts forecast that Royal Gold, Inc. will post $1.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.14%. Royal Gold’s dividend payout ratio is currently 61.15%.
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Several brokerages have commented on RGLD. Zacks Investment Research downgraded Royal Gold from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub raised Royal Gold from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Barclays PLC reaffirmed an “overweight” rating and set a $84.00 target price (up from $83.00) on shares of Royal Gold in a report on Tuesday, June 6th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 target price on shares of Royal Gold in a report on Friday, May 26th. Finally, Macquarie downgraded Royal Gold from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $89.77.
In other news, CEO Tony A. Jensen sold 25,000 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total transaction of $2,125,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stefan Wenger sold 2,500 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,129 shares of company stock valued at $4,774,160. 1.37% of the stock is currently owned by company insiders.
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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