Creative Planning lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,326 shares of the basic materials company’s stock after selling 1,191 shares during the period. Creative Planning’s holdings in Royal Gold were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Amalgamated Bank grew its position in Royal Gold by 0.8% in the fourth quarter. Amalgamated Bank now owns 49,110 shares of the basic materials company’s stock valued at $5,536,000 after purchasing an additional 379 shares in the last quarter. Sei Investments Co. increased its holdings in Royal Gold by 0.5% in the 4th quarter. Sei Investments Co. now owns 41,165 shares of the basic materials company’s stock valued at $4,640,000 after buying an additional 215 shares during the period. Verger Capital Management LLC bought a new position in Royal Gold in the 4th quarter valued at about $1,240,000. Anchor Capital Advisors LLC increased its holdings in Royal Gold by 12.2% in the 4th quarter. Anchor Capital Advisors LLC now owns 435,717 shares of the basic materials company’s stock valued at $49,114,000 after buying an additional 47,411 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Royal Gold by 2.5% in the 4th quarter. Victory Capital Management Inc. now owns 160,473 shares of the basic materials company’s stock valued at $18,089,000 after buying an additional 3,986 shares during the period. Institutional investors own 78.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on RGLD shares. National Bank Financial raised their target price on shares of Royal Gold from C$155.00 to C$165.00 in a report on Tuesday, April 18th. Cantor Fitzgerald lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Barclays lifted their price target on shares of Royal Gold from $119.00 to $122.00 and gave the company an “equal weight” rating in a report on Friday, April 21st. National Bankshares decreased their price target on shares of Royal Gold from $165.00 to $160.00 and set a “sector perform” rating on the stock in a report on Friday, May 5th. Finally, StockNews.com assumed coverage on shares of Royal Gold in a report on Thursday, May 18th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.33.
Royal Gold Stock Down 1.6 %
Shares of NASDAQ RGLD opened at $120.57 on Thursday. The company has a market capitalization of $7.91 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.66. Royal Gold, Inc. has a 52-week low of $84.54 and a 52-week high of $147.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.23 and a current ratio of 3.44. The company’s 50 day moving average price is $132.91 and its 200-day moving average price is $123.81.
Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $170.40 million for the quarter, compared to the consensus estimate of $162.77 million. Royal Gold had a net margin of 38.80% and a return on equity of 8.18%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 EPS. Equities analysts forecast that Royal Gold, Inc. will post 3.92 earnings per share for the current year.
Royal Gold Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. Royal Gold’s payout ratio is presently 41.55%.
Insider Activity at Royal Gold
In related news, Director William M. Hayes sold 2,140 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $142.50, for a total transaction of $304,950.00. Following the transaction, the director now owns 9,832 shares in the company, valued at approximately $1,401,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Royal Gold news, COO Mark Isto sold 9,660 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $141.89, for a total transaction of $1,370,657.40. Following the completion of the sale, the chief operating officer now owns 30,437 shares in the company, valued at approximately $4,318,705.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William M. Hayes sold 2,140 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $142.50, for a total transaction of $304,950.00. Following the sale, the director now owns 9,832 shares of the company’s stock, valued at approximately $1,401,060. The disclosure for this sale can be found here. Insiders have sold 13,895 shares of company stock worth $1,972,930 in the last quarter. Company insiders own 0.40% of the company’s stock.
About Royal Gold (Get Rating)
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.