America First Investment Advisors LLC decreased its position in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 149,941 shares of the basic materials company’s stock after selling 10,481 shares during the quarter. Royal Gold comprises about 5.6% of America First Investment Advisors LLC’s investment portfolio, making the stock its 4th largest holding. America First Investment Advisors LLC owned about 0.23% of Royal Gold worth $18,474,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in RGLD. First Trust Advisors LP acquired a new position in shares of Royal Gold during the first quarter valued at $3,676,000. Carroll Financial Associates Inc. boosted its holdings in shares of Royal Gold by 7.9% during the second quarter. Carroll Financial Associates Inc. now owns 2,595 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 190 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of Royal Gold by 375.0% during the second quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 375 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Royal Gold by 6.7% during the second quarter. Nisa Investment Advisors LLC now owns 30,300 shares of the basic materials company’s stock valued at $3,105,000 after purchasing an additional 1,900 shares in the last quarter. Finally, 6 Meridian raised its stake in shares of Royal Gold by 2.0% during the second quarter. 6 Meridian now owns 5,850 shares of the basic materials company’s stock valued at $600,000 after purchasing an additional 112 shares in the last quarter. 78.20% of the stock is owned by institutional investors.
Shares of NASDAQ RGLD opened at $113.56 on Friday. The company has a quick ratio of 4.26, a current ratio of 4.60 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $122.05 and its 200 day simple moving average is $110.39. Royal Gold, Inc has a fifty-two week low of $70.16 and a fifty-two week high of $138.78. The stock has a market cap of $7.26 billion, a P/E ratio of 78.32, a P/E/G ratio of 4.43 and a beta of 0.10.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Royal Gold had a net margin of 22.18% and a return on equity of 4.42%. The firm had revenue of $118.77 million for the quarter, compared to analysts’ expectations of $129.47 million. During the same period in the previous year, the business earned $0.23 earnings per share. Royal Gold’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Gold, Inc will post 2.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 73.10%.
In other Royal Gold news, VP Bruce Christopher Kirchhoff sold 1,417 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $127.16, for a total value of $180,185.72. Following the sale, the vice president now directly owns 48,826 shares in the company, valued at $6,208,714.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony A. Jensen sold 46,570 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $124.59, for a total transaction of $5,802,156.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,603 shares of company stock worth $11,107,708. 0.52% of the stock is owned by company insiders.
A number of equities research analysts recently weighed in on the stock. ValuEngine cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada restated a “hold” rating on shares of Royal Gold in a research note on Sunday, August 11th. Raymond James set a $122.00 price objective on shares of Royal Gold and gave the company a “market perform” rating in a research note on Friday. Finally, B. Riley cut shares of Royal Gold from a “buy” rating to a “neutral” rating and cut their price objective for the company from $127.10 to $122.00 in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $111.31.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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