Hussman Strategic Advisors Inc. Sells 20,400 Shares of Royal Gold, Inc. $RGLD

Hussman Strategic Advisors Inc. decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 57.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,300 shares of the basic materials company’s stock after selling 20,400 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Royal Gold were worth $3,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ilex Capital Partners UK LLP purchased a new position in Royal Gold during the 2nd quarter valued at $1,397,000. Financiere des Professionnels Fonds d investissement inc. boosted its stake in shares of Royal Gold by 275.8% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock valued at $1,335,000 after purchasing an additional 4,885 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Royal Gold by 576.4% during the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after buying an additional 29,927 shares during the period. Neuberger Berman Group LLC raised its stake in Royal Gold by 1,124.0% in the second quarter. Neuberger Berman Group LLC now owns 109,863 shares of the basic materials company’s stock worth $19,512,000 after buying an additional 100,887 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Royal Gold in the third quarter worth about $4,989,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

RGLD has been the topic of a number of research analyst reports. Raymond James Financial set a $264.00 target price on Royal Gold in a report on Thursday, November 6th. Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. BMO Capital Markets set a $240.00 target price on shares of Royal Gold and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, TD Cowen increased their price target on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.50.

Royal Gold Stock Up 1.1%

Shares of NASDAQ:RGLD opened at $293.73 on Wednesday. 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 stock has a fifty day simple moving average of $229.21 and a two-hundred day simple moving average of $196.82. Royal Gold, Inc. has a 12-month low of $136.00 and a 12-month high of $299.60. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 0.80 and a beta of 0.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.24). The company had revenue of $250.23 million for 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%. Royal Gold’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 earnings per share. On average, research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.6%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, January 2nd. Royal Gold’s dividend payout ratio is presently 26.10%.

Royal Gold Company 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.