Royal Gold, Inc (RGLD) Shares Sold by Bridgewater Associates LP
Bridgewater Associates LP decreased its holdings in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 37.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,623 shares of the basic materials company’s stock after selling 10,363 shares during the quarter. Bridgewater Associates LP’s holdings in Royal Gold were worth $1,636,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its position in shares of Royal Gold by 36.4% during the second quarter. FMR LLC now owns 537,267 shares of the basic materials company’s stock worth $49,880,000 after acquiring an additional 143,400 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Royal Gold by 134.8% during the first quarter. OppenheimerFunds Inc. now owns 240,868 shares of the basic materials company’s stock worth $20,683,000 after acquiring an additional 138,293 shares during the last quarter. KBC Group NV raised its position in shares of Royal Gold by 84.3% during the second quarter. KBC Group NV now owns 235,705 shares of the basic materials company’s stock worth $21,882,000 after acquiring an additional 107,797 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Royal Gold by 3.0% during the first quarter. Van ECK Associates Corp now owns 3,431,688 shares of the basic materials company’s stock worth $294,679,000 after acquiring an additional 99,119 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Royal Gold during the first quarter worth $6,213,000. Hedge funds and other institutional investors own 74.87% of the company’s stock.
In other Royal Gold news, Director Jamie C. Sokalsky bought 2,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was purchased at an average cost of $77.25 per share, with a total value of $154,500.00. Following the completion of the purchase, the director now owns 9,200 shares in the company, valued at $710,700. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tony A. Jensen sold 20,000 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $95.11, for a total value of $1,902,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,931 shares of company stock valued at $3,463,106. 1.12% of the stock is owned by insiders.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 8th. The basic materials company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The business had revenue of $116.20 million during the quarter, compared to analysts’ expectations of $115.57 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. equities research analysts anticipate that Royal Gold, Inc will post 1.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, October 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Royal Gold’s dividend payout ratio (DPR) is presently 56.82%.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine downgraded Royal Gold from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. Zacks Investment Research downgraded Royal Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Scotiabank set a $88.00 target price on Royal Gold and gave the stock a “hold” rating in a research report on Thursday, August 9th. Finally, Canaccord Genuity set a $102.00 target price on Royal Gold and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Royal Gold currently has an average rating of “Hold” and an average target price of $98.95.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.
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