Royal Gold, Inc. (RGLD) Shares Bought by Cambridge Investment Research Advisors Inc.
Cambridge Investment Research Advisors Inc. raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 19.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,151 shares of the basic materials company’s stock after acquiring an additional 2,670 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Royal Gold were worth $1,390,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. QS Investors LLC raised its holdings in Royal Gold by 0.4% in the 2nd quarter. QS Investors LLC now owns 3,561 shares of the basic materials company’s stock valued at $278,000 after acquiring an additional 13 shares during the period. IFP Advisors Inc raised its holdings in Royal Gold by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 2,343 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 39 shares during the period. Teacher Retirement System of Texas raised its holdings in Royal Gold by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,216 shares of the basic materials company’s stock valued at $408,000 after acquiring an additional 100 shares during the period. Utah Retirement Systems raised its holdings in Royal Gold by 0.8% in the 2nd quarter. Utah Retirement Systems now owns 11,946 shares of the basic materials company’s stock valued at $934,000 after acquiring an additional 100 shares during the period. Finally, US Bancorp DE raised its holdings in Royal Gold by 6.4% in the 2nd quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 127 shares during the period. 69.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Royal Gold, Inc. (NASDAQ RGLD) traded down $0.03 during trading hours on Tuesday, reaching $85.35. 236,400 shares of the company were exchanged, compared to its average volume of 540,437. The company has a market capitalization of $5,590.00, a PE ratio of 58.08, a price-to-earnings-growth ratio of 4.85 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. Royal Gold, Inc. has a fifty-two week low of $60.21 and a fifty-two week high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. The business had revenue of $112.50 million for the quarter, compared to analysts’ expectations of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. sell-side analysts predict that Royal Gold, Inc. will post 1.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, January 4th. Royal Gold’s dividend payout ratio (DPR) is 62.34%.
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In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tony A. Jensen sold 25,000 shares of Royal Gold stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $90.00, for a total transaction of $2,250,000.00. The disclosure for this sale can be found here. Insiders sold 36,452 shares of company stock worth $3,274,984 over the last three months. 1.12% of the stock is currently owned by insiders.
Several research firms have weighed in on RGLD. BMO Capital Markets reissued a “buy” rating and issued a $95.00 price target on shares of Royal Gold in a report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Royal Gold in a report on Thursday, September 7th. B. Riley reaffirmed a “neutral” rating on shares of Royal Gold in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, TheStreet raised shares of Royal Gold from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Gold has a consensus rating of “Buy” and an average price target of $95.61.
Royal Gold Company 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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