St. James Investment Company LLC cut its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 876,907 shares of the basic materials company’s stock after selling 6,387 shares during the period. Royal Gold comprises approximately 8.5% of St. James Investment Company LLC’s holdings, making the stock its 2nd largest position. St. James Investment Company LLC owned approximately 1.34% of Royal Gold worth $68,548,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in RGLD. Van ECK Associates Corp boosted its position in Royal Gold by 15.8% in the first quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock worth $343,321,000 after buying an additional 667,497 shares in the last quarter. Vanguard Group Inc. boosted its position in Royal Gold by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,778,135 shares of the basic materials company’s stock worth $404,759,000 after buying an additional 355,155 shares in the last quarter. Bank of Montreal Can boosted its position in Royal Gold by 702.0% in the second quarter. Bank of Montreal Can now owns 201,972 shares of the basic materials company’s stock worth $15,788,000 after buying an additional 176,787 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Royal Gold by 5.0% in the first quarter. First Eagle Investment Management LLC now owns 3,406,065 shares of the basic materials company’s stock worth $238,595,000 after buying an additional 162,884 shares in the last quarter. Finally, State Street Corp boosted its position in Royal Gold by 4.8% in the first quarter. State Street Corp now owns 2,354,371 shares of the basic materials company’s stock worth $164,922,000 after buying an additional 108,212 shares in the last quarter. 70.89% of the stock is owned by institutional investors and hedge funds.
Royal Gold, Inc. (NASDAQ RGLD) traded down 0.87% during midday trading on Friday, reaching $86.25. 532,393 shares of the company were exchanged. The firm has a market capitalization of $5.64 billion, a PE ratio of 55.65 and a beta of 0.68. Royal Gold, Inc. has a 52 week low of $60.21 and a 52 week high of $88.03. The company has a 50-day moving average of $83.39 and a 200 day moving average of $74.98.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.02. The firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $108.72 million. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Equities analysts predict that Royal Gold, Inc. will post $1.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a $0.24 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.11%. Royal Gold’s payout ratio is currently 61.54%.
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A number of equities analysts have commented on RGLD shares. Barclays PLC reissued an “overweight” rating and issued a $83.00 price target (up previously from $82.00) on shares of Royal Gold in a research note on Saturday, April 22nd. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Wednesday, June 21st. BMO Capital Markets restated a “buy” rating and issued a $95.00 price objective on shares of Royal Gold in a report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price objective on shares of Royal Gold in a report on Monday, June 5th. Finally, BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $91.95.
In related news, VP Bruce Christopher Kirchhoff sold 28,805 shares of Royal Gold stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $86.28, for a total value of $2,485,295.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stefan Wenger sold 500 shares of Royal Gold stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $80.00, for a total value of $40,000.00. The disclosure for this sale can be found here. Insiders sold 71,870 shares of company stock valued at $6,141,357 over the last 90 days. 1.37% of the stock is currently owned by corporate insiders.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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