Crossmark Global Holdings Inc. Invests $925,000 in Royal Gold, Inc. (RGLD) Stock

Crossmark Global Holdings Inc. purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,746 shares of the basic materials company’s stock, valued at approximately $925,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Royal Gold by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,851,247 shares of the basic materials company’s stock valued at $457,392,000 after purchasing an additional 73,112 shares during the last quarter. Capital World Investors raised its position in Royal Gold by 25.7% in the 2nd quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock valued at $325,031,000 after purchasing an additional 849,900 shares during the last quarter. First Eagle Investment Management LLC raised its position in Royal Gold by 2.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock valued at $271,989,000 after purchasing an additional 73,384 shares during the last quarter. Northern Trust Corp raised its position in Royal Gold by 0.6% in the 2nd quarter. Northern Trust Corp now owns 776,708 shares of the basic materials company’s stock valued at $60,715,000 after purchasing an additional 4,266 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in Royal Gold by 4.3% in the 2nd quarter. Gabelli Funds LLC now owns 686,700 shares of the basic materials company’s stock valued at $53,679,000 after purchasing an additional 28,000 shares during the last quarter. 70.24% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $85.88, for a total transaction of $128,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Karli S. Anderson sold 2,262 shares of Royal Gold stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $91.45, for a total value of $206,859.90. Following the sale, the vice president now directly owns 20,081 shares of the company’s stock, valued at $1,836,407.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,716 shares of company stock valued at $7,186,288. 1.12% of the stock is owned by insiders.

RGLD has been the subject of several research analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price objective on shares of Royal Gold in a research report on Wednesday, September 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Royal Gold in a research report on Thursday, September 7th. BidaskClub upgraded Royal Gold from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Canaccord Genuity restated a “buy” rating and set a $114.00 target price on shares of Royal Gold in a research report on Sunday, October 22nd. Finally, Zacks Investment Research downgraded Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $94.50.

Shares of Royal Gold, Inc. (NASDAQ RGLD) opened at $85.61 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.73 and a current ratio of 3.92. Royal Gold, Inc. has a 52 week low of $60.21 and a 52 week high of $94.39. The company has a market capitalization of $5,603.52, a price-to-earnings ratio of 58.24, a P/E/G ratio of 4.86 and a beta of 0.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. The business had revenue of $112.50 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. analysts anticipate that Royal Gold, Inc. will post 1.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.12%. Royal Gold’s dividend payout ratio (DPR) is presently 62.34%.

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Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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