QRG Capital Management Inc. increased its stake in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 8.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,437 shares of the basic materials company’s stock after buying an additional 188 shares during the quarter. QRG Capital Management Inc.’s holdings in Royal Gold were worth $297,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sei Investments Co. boosted its holdings in shares of Royal Gold by 4.3% in the 1st quarter. Sei Investments Co. now owns 37,130 shares of the basic materials company’s stock worth $4,524,000 after buying an additional 1,527 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Royal Gold by 3,586.4% during the first quarter. Quantbot Technologies LP now owns 8,405 shares of the basic materials company’s stock valued at $1,024,000 after purchasing an additional 8,177 shares during the last quarter. ORG Partners LLC purchased a new stake in Royal Gold during the first quarter valued at about $72,000. Oxbow Advisors LLC lifted its holdings in Royal Gold by 4.7% during the first quarter. Oxbow Advisors LLC now owns 109,848 shares of the basic materials company’s stock valued at $13,381,000 after purchasing an additional 4,913 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in Royal Gold by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 57,493 shares of the basic materials company’s stock valued at $7,003,000 after purchasing an additional 745 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, SVP Daniel Breeze sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at $1,940,033.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.
Royal Gold Stock Down 0.4 %
RGLD stock opened at $138.18 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.35 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $128.75 and its 200 day moving average is $120.55. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 1.11 and a beta of 0.87. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $140.95.
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company had revenue of $148.90 million during the quarter, compared to the consensus estimate of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. Sell-side analysts predict that Royal Gold, Inc. will post 4.69 EPS for the current fiscal year.
Royal Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, July 5th. Royal Gold’s dividend payout ratio (DPR) is 47.20%.
Analyst Ratings Changes
Several equities research analysts have commented on RGLD shares. Jefferies Financial Group upped their price objective on shares of Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a report on Friday, July 12th. BMO Capital Markets upped their price objective on shares of Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. CIBC upped their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Scotiabank upped their price objective on shares of Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a report on Thursday, May 23rd. Finally, Bank of America upped their price objective on shares of Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $152.75.
Get Our Latest Stock Report on RGLD
Royal Gold Company Profile
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.
Further Reading
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