Brighton Jones LLC Lowers Position in Royal Gold, Inc. $RGLD

Brighton Jones LLC cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 77.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,112 shares of the basic materials company’s stock after selling 3,826 shares during the period. Brighton Jones LLC’s holdings in Royal Gold were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RGLD. WPG Advisers LLC purchased a new stake in shares of Royal Gold in the first quarter valued at about $27,000. Cullen Frost Bankers Inc. grew its position in Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 148 shares in the last quarter. Blue Trust Inc. increased its stake in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after buying an additional 71 shares during the last quarter. Caldwell Trust Co bought a new position in shares of Royal Gold during the 2nd quarter worth approximately $36,000. Finally, Bayforest Capital Ltd boosted its stake in shares of Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after buying an additional 177 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RGLD has been the subject of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. TD Cowen lifted their target price on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Raymond James Financial set a $264.00 price target on shares of Royal Gold in a report on Thursday, November 6th. Finally, Jefferies Financial Group restated a “buy” rating and set a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and a consensus price target of $234.60.

Royal Gold Stock Up 0.1%

Shares of NASDAQ RGLD opened at $233.32 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. The stock has a market capitalization of $19.69 billion, a PE ratio of 32.05, a P/E/G ratio of 0.89 and a beta of 0.48. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $235.52. The business’s fifty day moving average price is $197.22 and its 200-day moving average price is $184.61.

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

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend 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 is currently 24.73%.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.