Integrated Advisors Network LLC trimmed its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 71.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,154 shares of the basic materials company's stock after selling 5,323 shares during the quarter. Integrated Advisors Network LLC's holdings in Royal Gold were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in RGLD. Wealth Enhancement Advisory Services LLC boosted its holdings in Royal Gold by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,742 shares of the basic materials company's stock valued at $578,000 after acquiring an additional 191 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Royal Gold by 2.5% in the first quarter. State of Michigan Retirement System now owns 16,148 shares of the basic materials company's stock valued at $1,967,000 after acquiring an additional 400 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Royal Gold by 7.8% in the first quarter. First Trust Direct Indexing L.P. now owns 3,935 shares of the basic materials company's stock valued at $479,000 after acquiring an additional 284 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Royal Gold by 23.5% in the first quarter. J.W. Cole Advisors Inc. now owns 2,240 shares of the basic materials company's stock valued at $273,000 after acquiring an additional 426 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Royal Gold by 3.8% during the 1st quarter. Private Advisor Group LLC now owns 5,549 shares of the basic materials company's stock valued at $676,000 after buying an additional 201 shares in the last quarter. Institutional investors own 83.65% of the company's stock.
Royal Gold Price Performance
Shares of NASDAQ:RGLD traded down $0.61 during trading on Friday, hitting $145.45. The company's stock had a trading volume of 285,999 shares, compared to its average volume of 286,892. The company has a 50-day moving average of $143.00 and a 200-day moving average of $133.99. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.10. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 39.85, a P/E/G ratio of 1.20 and a beta of 0.90.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $174.10 million during the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The firm's quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. As a group, research analysts anticipate that Royal Gold, Inc. will post 4.99 earnings per share for the current year.
Royal Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold's dividend payout ratio (DPR) is currently 43.84%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on RGLD. CIBC boosted their target price on shares of Royal Gold from $166.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, July 10th. Scotiabank boosted their target price on shares of Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. BMO Capital Markets boosted their target price on shares of Royal Gold from $168.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, July 10th. Raymond James increased their price objective on shares of Royal Gold from $167.00 to $170.00 and gave the company an "outperformer" rating in a research report on Friday, August 9th. Finally, Cibc World Mkts raised shares of Royal Gold to a "hold" rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Royal Gold has an average rating of "Hold" and an average price target of $158.86.
Check Out Our Latest Stock Report on RGLD
Insider Buying and Selling at Royal Gold
In related news, Director Ronald J. Vance sold 415 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the transaction, the director now directly owns 8,194 shares of the company's stock, valued at approximately $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Daniel Breeze sold 840 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the sale, the senior vice president now directly owns 16,842 shares in the company, valued at $2,415,648.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald J. Vance sold 415 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares of the company's stock, valued at approximately $1,154,124.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,355 shares of company stock valued at $1,170,315 in the last three months. 0.52% of the stock is currently owned by corporate insiders.
About Royal Gold
(
Free Report)
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.
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