Private Advisor Group LLC Trims Holdings in Royal Gold, Inc. (RGLD)
Private Advisor Group LLC trimmed its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,554 shares of the basic materials company’s stock after selling 150 shares during the quarter. Private Advisor Group LLC’s holdings in Royal Gold were worth $435,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. State of Tennessee Treasury Department acquired a new stake in Royal Gold in the second quarter worth $782,000. Cipher Capital LP grew its holdings in Royal Gold by 11.1% in the second quarter. Cipher Capital LP now owns 11,211 shares of the basic materials company’s stock worth $876,000 after purchasing an additional 1,120 shares during the period. Swiss National Bank grew its holdings in Royal Gold by 1.3% in the second quarter. Swiss National Bank now owns 108,900 shares of the basic materials company’s stock worth $8,513,000 after purchasing an additional 1,400 shares during the period. Principal Financial Group Inc. grew its holdings in Royal Gold by 4.2% in the second quarter. Principal Financial Group Inc. now owns 294,652 shares of the basic materials company’s stock worth $23,033,000 after purchasing an additional 11,795 shares during the period. Finally, IndexIQ Advisors LLC grew its holdings in Royal Gold by 21.9% in the second quarter. IndexIQ Advisors LLC now owns 20,015 shares of the basic materials company’s stock worth $1,564,000 after purchasing an additional 3,598 shares during the period. Institutional investors and hedge funds own 70.43% of the company’s stock.
Royal Gold, Inc. (NASDAQ RGLD) opened at 89.70 on Friday. The company’s 50 day moving average is $88.77 and its 200-day moving average is $77.75. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $94.39. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 57.87 and a beta of 0.63.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $108.72 million. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts anticipate that Royal Gold, Inc. will post $1.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is 61.54%.
A number of equities research analysts have commented on the stock. BMO Capital Markets restated a “buy” rating and issued a $95.00 price target on shares of Royal Gold in a report on Thursday, June 29th. National Bank Financial raised their price target on shares of Royal Gold from $82.50 to $92.50 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. BidaskClub cut shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $83.00 price objective on shares of Royal Gold in a report on Monday, June 5th. One 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 issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $91.95.
In other news, CFO Stefan Wenger sold 500 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tony A. Jensen sold 25,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold a total of 106,845 shares of company stock worth $9,306,508 over the last three months. 1.37% of the stock is currently owned by insiders.
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Royal Gold Profile
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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