Dimensional Fund Advisors LP lessened its position in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 722,067 shares of the basic materials company’s stock after selling 4,255 shares during the period. Dimensional Fund Advisors LP owned approximately 1.10% of Royal Gold worth $62,004,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of RGLD. Stone Ridge Asset Management LLC bought a new position in shares of Royal Gold in the 4th quarter worth $219,000. Vident Investment Advisory LLC bought a new position in shares of Royal Gold in the 4th quarter worth $223,000. Verity Asset Management Inc. bought a new position in shares of Royal Gold in the 1st quarter worth $237,000. First Allied Advisory Services Inc. bought a new position in shares of Royal Gold in the 4th quarter worth $245,000. Finally, US Bancorp DE increased its holdings in shares of Royal Gold by 45.7% in the 1st quarter. US Bancorp DE now owns 3,205 shares of the basic materials company’s stock worth $275,000 after buying an additional 1,005 shares during the last quarter. 74.59% of the stock is currently owned by hedge funds and other institutional investors.
RGLD has been the topic of a number of research analyst reports. Raymond James decreased their price target on shares of Royal Gold from $93.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, February 26th. BidaskClub lowered shares of Royal Gold from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Scotiabank set a $89.00 price target on shares of Royal Gold and gave the stock a “hold” rating in a report on Tuesday, March 6th. UBS Group raised shares of Royal Gold from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 14th. Finally, BMO Capital Markets set a $102.00 price target on shares of Royal Gold and gave the stock a “buy” rating in a report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $97.59.
Royal Gold opened at $91.86 on Thursday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.20 and a current ratio of 3.49. Royal Gold, Inc has a 52 week low of $74.88 and a 52 week high of $94.39. The firm has a market cap of $6.04 billion, a P/E ratio of 59.26, a price-to-earnings-growth ratio of 5.24 and a beta of 0.66.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Thursday, May 3rd. The basic materials company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Royal Gold had a negative net margin of 26.51% and a positive return on equity of 4.73%. The company had revenue of $116.00 million for the quarter, compared to analyst estimates of $111.66 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts expect that Royal Gold, Inc will post 1.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, July 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, July 5th. Royal Gold’s dividend payout ratio is currently 64.52%.
In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William Holmes Heissenbuttel sold 6,480 shares of the stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $91.91, for a total transaction of $595,576.80. Following the sale, the vice president now directly owns 80,032 shares of the company’s stock, valued at approximately $7,355,741.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,285 shares of company stock worth $1,641,686. 1.12% of the stock is owned by insiders.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.
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