Anchor Capital Advisors LLC Reduces Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Anchor Capital Advisors LLC cut its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 313,342 shares of the basic materials company’s stock after selling 99,862 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Royal Gold were worth $37,902,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in shares of Royal Gold by 3.1% in the 3rd quarter. Private Advisor Group LLC now owns 3,835 shares of the basic materials company’s stock valued at $408,000 after purchasing an additional 115 shares during the period. Hussman Strategic Advisors Inc. lifted its position in Royal Gold by 0.4% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 30,600 shares of the basic materials company’s stock worth $3,254,000 after acquiring an additional 120 shares during the period. Wellington Management Group LLP lifted its position in Royal Gold by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 45,382 shares of the basic materials company’s stock worth $4,825,000 after acquiring an additional 125 shares during the period. Quent Capital LLC lifted its position in Royal Gold by 35.0% during the 4th quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 144 shares during the period. Finally, Inspire Investing LLC lifted its position in Royal Gold by 5.4% during the 3rd quarter. Inspire Investing LLC now owns 2,895 shares of the basic materials company’s stock worth $308,000 after acquiring an additional 148 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of recent research reports. BMO Capital Markets raised Royal Gold from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $148.00 to $158.00 in a research report on Wednesday, March 27th. Jefferies Financial Group initiated coverage on Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective for the company. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Finally, Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Royal Gold has an average rating of “Hold” and an average price target of $143.25.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the sale, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Royal Gold stock traded down $0.32 during mid-day trading on Monday, hitting $124.26. 294,630 shares of the company were exchanged, compared to its average volume of 432,181. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18. The business’s 50 day simple moving average is $115.03 and its two-hundred day simple moving average is $115.01. The company has a market capitalization of $8.17 billion, a P/E ratio of 34.26, a PEG ratio of 7.13 and a beta of 0.87. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $147.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.20. The company had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. Royal Gold’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. Analysts forecast that Royal Gold, Inc. will post 4.36 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date was Thursday, April 4th. Royal Gold’s payout ratio is 43.96%.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.