Ameritas Advisory Services LLC Sells 1,891 Shares of Royal Gold, Inc. $RGLD

Ameritas Advisory Services LLC lessened its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 78.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 514 shares of the basic materials company’s stock after selling 1,891 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Royal Gold were worth $103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ground Swell Capital LLC bought a new position in Royal Gold during the third quarter worth $478,000. Cibc World Market Inc. boosted its position in Royal Gold by 755.5% during the third quarter. Cibc World Market Inc. now owns 22,611 shares of the basic materials company’s stock valued at $4,535,000 after acquiring an additional 19,968 shares during the last quarter. Krilogy Financial LLC acquired a new stake in Royal Gold during the 3rd quarter worth about $823,000. Compagnie Lombard Odier SCmA bought a new position in shares of Royal Gold in the 3rd quarter worth about $50,000. Finally, Navellier & Associates Inc. lifted its stake in shares of Royal Gold by 26.0% in the 3rd quarter. Navellier & Associates Inc. now owns 2,853 shares of the basic materials company’s stock valued at $572,000 after purchasing an additional 588 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on RGLD. Raymond James Financial set a $264.00 target price on Royal Gold in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Jefferies Financial Group reissued a “buy” rating and set a $270.00 target price on shares of Royal Gold in a research note on Sunday, December 7th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $251.50.

Royal Gold Stock Performance

Shares of RGLD stock opened at $277.77 on Thursday. 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 firm has a fifty day simple moving average of $254.25 and a two-hundred day simple moving average of $210.03. Royal Gold, Inc. has a 12 month low of $142.95 and a 12 month high of $306.25. The firm has a market capitalization of $23.44 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 0.83 and a beta of 0.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The business had revenue of $360.85 million during the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period last year, the business posted $1.63 earnings per share. Analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

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.