Thrivent Financial for Lutherans Sells 18,470 Shares of Royal Gold, Inc. $RGLD

Thrivent Financial for Lutherans trimmed its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 29.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,625 shares of the basic materials company’s stock after selling 18,470 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Royal Gold worth $7,758,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in 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 acquiring an additional 71 shares during the period. Signaturefd LLC grew its position in shares of Royal Gold by 7.5% during the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 74 shares in the last quarter. Intech Investment Management LLC raised its stake in Royal Gold by 0.5% during the 1st quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company’s stock valued at $2,705,000 after purchasing an additional 78 shares during the period. Tiemann Investment Advisors LLC lifted its holdings in Royal Gold by 3.6% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,254 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 79 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Royal Gold by 2.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,797 shares of the basic materials company’s stock worth $497,000 after purchasing an additional 80 shares during the period. Institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. TD Cowen lifted their price target on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Raymond James Financial set a $264.00 price target on shares of Royal Gold in a research note on Thursday, November 6th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a report on Thursday, October 23rd. Finally, Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and a consensus price target of $234.60.

Royal Gold Stock Up 0.6%

Shares of NASDAQ:RGLD opened at $223.58 on Friday. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $227.71. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $193.32 and a 200 day moving average price of $182.39. The company has a market cap of $18.87 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 0.85 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The company had revenue of $250.23 million during the quarter, compared to the consensus estimate of $275.11 million. During the same period in the previous year, the business earned $1.47 earnings per share. Royal Gold’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, January 2nd. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s dividend payout ratio (DPR) is presently 24.73%.

About Royal Gold

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.