Wealth Enhancement Advisory Services LLC Has $8.21 Million Stock Holdings in Royal Gold, Inc. $RGLD

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 75.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,469 shares of the basic materials company’s stock after selling 103,816 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Royal Gold were worth $8,209,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Royal Gold by 1.0% in the third quarter. Capital World Investors now owns 9,055,075 shares of the basic materials company’s stock valued at $1,816,267,000 after buying an additional 93,282 shares during the period. Van ECK Associates Corp raised its holdings in shares of Royal Gold by 104.1% during the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock worth $1,001,885,000 after acquiring an additional 2,547,076 shares during the period. State Street Corp lifted its position in Royal Gold by 5.4% in the 3rd quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock valued at $666,300,000 after acquiring an additional 170,430 shares in the last quarter. AQR Capital Management LLC lifted its position in Royal Gold by 8.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock valued at $319,140,000 after acquiring an additional 137,524 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Royal Gold by 0.7% in the 3rd quarter. Northern Trust Corp now owns 1,030,501 shares of the basic materials company’s stock worth $206,698,000 after purchasing an additional 6,710 shares during the period. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $237.54 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The business has a 50-day moving average of $270.94 and a 200-day moving average of $226.87. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.36 and a beta of 0.48. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The company had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The business’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 EPS. As a group, sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s dividend payout ratio is presently 27.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RGLD shares. Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research report on Monday, January 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a research note on Sunday, December 7th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $251.50.

Insider Activity at Royal Gold

In related news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the transaction, the director directly owned 6,129 shares of the company’s stock, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the transaction, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 7,573 shares of company stock valued at $2,127,091. 0.49% of the stock is owned by corporate insiders.

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.