Rhumbline Advisers Sells 7,172 Shares of Royal Gold, Inc. $RGLD

Rhumbline Advisers trimmed its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,428 shares of the basic materials company’s stock after selling 7,172 shares during the period. Rhumbline Advisers owned about 0.27% of Royal Gold worth $36,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its holdings in Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 148 shares in the last quarter. Blue Trust Inc. raised its position 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 buying an additional 71 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of Royal Gold during the second quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Royal Gold by 33.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after buying an additional 56 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Royal Gold during the third quarter worth $50,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on RGLD shares. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a report on Monday, January 26th. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a research report on Sunday, December 7th. Raymond James Financial set a $264.00 price target on Royal Gold in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and an average target price of $251.50.

Royal Gold Trading Up 4.9%

RGLD opened at $286.10 on Friday. The stock has a 50-day moving average of $249.61 and a 200 day moving average of $207.33. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. Royal Gold, Inc. has a 12 month low of $142.95 and a 12 month high of $306.25. The firm has a market cap of $24.15 billion, a P/E ratio of 39.30, a P/E/G ratio of 0.85 and a beta of 0.49.

Royal Gold Increases Dividend

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

Royal Gold Profile

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.