Sigma Planning Corp Acquires New Position in Royal Gold, Inc. (RGLD)
Sigma Planning Corp acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, Holdings Channel reports. The firm acquired 3,614 shares of the basic materials company’s stock, valued at approximately $283,000.
Several other institutional investors also recently modified their holdings of RGLD. Teachers Advisors LLC raised its position in Royal Gold by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 140,014 shares of the basic materials company’s stock worth $8,870,000 after buying an additional 17,977 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Royal Gold by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the basic materials company’s stock worth $1,156,000 after buying an additional 400 shares in the last quarter. Hexavest Inc. acquired a new position in Royal Gold during the first quarter worth approximately $166,000. Profund Advisors LLC raised its position in Royal Gold by 0.6% in the first quarter. Profund Advisors LLC now owns 24,927 shares of the basic materials company’s stock worth $1,746,000 after buying an additional 137 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Royal Gold by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 233,974 shares of the basic materials company’s stock worth $16,390,000 after buying an additional 10,754 shares in the last quarter. 70.89% of the stock is currently owned by institutional investors.
Shares of Royal Gold, Inc. (NASDAQ RGLD) opened at 87.01 on Friday. The firm has a market capitalization of $5.69 billion, a P/E ratio of 56.14 and a beta of 0.68. Royal Gold, Inc. has a 52 week low of $60.21 and a 52 week high of $88.03. The firm’s 50-day moving average is $83.12 and its 200-day moving average is $74.86.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.02. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $108.72 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. Equities analysts anticipate that Royal Gold, Inc. will post $1.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, July 5th. Royal Gold’s dividend payout ratio is currently 61.54%.
A number of equities analysts recently commented on the stock. National Bank Financial lowered shares of Royal Gold from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $80.00 to $82.50 in a research report on Thursday, April 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price target on shares of Royal Gold in a research report on Thursday, June 29th. Barclays PLC reaffirmed an “overweight” rating and set a $83.00 price target (up from $82.00) on shares of Royal Gold in a research report on Saturday, April 22nd. BidaskClub lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Scotiabank raised their price target on shares of Royal Gold from $81.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.95.
In other news, CFO Stefan Wenger sold 500 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total value of $2,125,000.00. The disclosure for this sale can be found here. Insiders sold a total of 30,129 shares of company stock worth $2,536,660 over the last 90 days. 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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