Savant Capital LLC Sells 4,790 Shares of Royal Gold, Inc. $RGLD

Savant Capital LLC reduced its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,899 shares of the basic materials company’s stock after selling 4,790 shares during the quarter. Savant Capital LLC’s holdings in Royal Gold were worth $6,198,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its holdings in Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 148 shares during the period. Blue Trust Inc. boosted its stake in shares of Royal Gold by 56.8% during the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Caldwell Trust Co purchased a new position in shares of Royal Gold in the 2nd quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Royal Gold by 33.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 56 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of Royal Gold by 568.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on RGLD. Bank of America raised their price target on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research report on Monday, January 26th. TD Cowen lifted their target price on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Raymond James Financial set a $264.00 target price on Royal Gold in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus target price of $251.50.

Royal Gold Stock Down 4.6%

Royal Gold stock opened at $253.63 on Friday. Royal Gold, Inc. has a fifty-two week low of $142.95 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89. The firm has a 50 day moving average price of $240.38 and a 200 day moving average price of $201.83. The company has a market capitalization of $21.41 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 0.73 and a beta of 0.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.24). The firm had revenue of $250.23 million for the quarter, compared to analyst estimates of $275.11 million. Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.Royal Gold’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 EPS. Research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.475 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, January 2nd. This represents a $1.90 annualized dividend and a yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is currently 26.10%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.