Royal Gold, Inc. $RGLD is America First Investment Advisors LLC’s 4th Largest Position

America First Investment Advisors LLC lessened its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 153,348 shares of the basic materials company’s stock after selling 1,972 shares during the period. Royal Gold comprises 5.7% of America First Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest position. America First Investment Advisors LLC’s holdings in Royal Gold were worth $30,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Encompass More Asset Management raised its position in Royal Gold by 4.2% during the third quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 52 shares in the last quarter. Sowell Financial Services LLC boosted its position in Royal Gold by 4.0% in the 3rd quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Royal Gold by 33.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares during the period. Compound Planning Inc. increased its holdings in shares of Royal Gold by 4.4% during the 3rd quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 56 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its stake in shares of Royal Gold by 2.3% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,635 shares of the basic materials company’s stock valued at $529,000 after purchasing an additional 59 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

NASDAQ:RGLD opened at $285.21 on Tuesday. The stock has a 50 day moving average of $258.04 and a two-hundred day moving average of $212.91. Royal Gold, Inc. has a 12 month low of $142.95 and a 12 month high of $306.25. The firm has a market cap of $24.19 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 0.85 and a beta of 0.49. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm had revenue of $360.85 million during the quarter, compared to analyst estimates of $425.47 million. During the same period in the prior year, the firm earned $1.63 earnings per share. The business’s revenue was up 85.2% on a year-over-year basis. On average, analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on RGLD shares. Jefferies Financial Group restated a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. TD Cowen increased their target price 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. Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research note on Monday, January 26th. Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.50.

Insiders Place Their Bets

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction on Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the sale, the director owned 6,129 shares of the company’s stock, valued at $1,698,162.03. The trade was a 40.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

About Royal Gold

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.