Capstone Asset Management Co. increased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,286 shares of the basic materials company’s stock after buying an additional 190 shares during the period. Capstone Asset Management Co.’s holdings in Royal Gold were worth $804,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Meadow Creek Investment Management LLC boosted its stake in shares of Royal Gold by 6.2% in the first quarter. Meadow Creek Investment Management LLC now owns 1,648 shares of the basic materials company’s stock worth $115,000 after buying an additional 96 shares during the period. World Asset Management Inc boosted its stake in shares of Royal Gold by 2.6% in the first quarter. World Asset Management Inc now owns 4,084 shares of the basic materials company’s stock worth $286,000 after buying an additional 102 shares during the period. Neuburgh Advisers LLC boosted its stake in shares of Royal Gold by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,266 shares of the basic materials company’s stock worth $159,000 after buying an additional 132 shares during the period. Profund Advisors LLC boosted its stake in shares of Royal Gold by 0.6% in the first quarter. Profund Advisors LLC now owns 24,927 shares of the basic materials company’s stock worth $1,746,000 after buying an additional 137 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Royal Gold by 1.4% in the first quarter. Amalgamated Bank now owns 10,322 shares of the basic materials company’s stock worth $723,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 70.56% of the company’s stock.
Royal Gold, Inc. (RGLD) opened at 84.47 on Tuesday. Royal Gold, Inc. has a one year low of $60.21 and a one year high of $87.74. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 53.97 and a beta of 0.66. The stock has a 50 day moving average price of $78.67 and a 200-day moving average price of $72.67.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Royal Gold had a net margin of 23.93% and a return on equity of 4.22%. The firm had revenue of $107 million during the quarter, compared to analysts’ expectations of $105.14 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts predict that Royal Gold, Inc. will post $1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, July 5th. Royal Gold’s payout ratio is currently 61.15%.
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A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Wednesday, June 21st. Raymond James Financial, Inc. restated a “market perform” rating and set a $88.00 price objective on shares of Royal Gold in a research note on Thursday, June 15th. BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Scotiabank increased their price target on Royal Gold from $81.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, May 12th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price target on shares of Royal Gold in a research note on Friday, May 26th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $89.77.
In other news, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total value of $2,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stefan Wenger sold 500 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $80.00, for a total value of $40,000.00. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock valued at $2,623,595 over the last three months. Company insiders own 1.37% of the company’s stock.
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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