Smith Affiliated Capital Corp. maintained its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the basic materials company’s stock at the end of the second quarter. Smith Affiliated Capital Corp.’s holdings in Royal Gold were worth $156,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of RGLD. Vanguard Group Inc. boosted its position in Royal Gold by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,778,135 shares of the basic materials company’s stock worth $404,759,000 after buying an additional 355,155 shares in the last quarter. Van ECK Associates Corp boosted its position in Royal Gold by 15.8% in the first quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock worth $343,321,000 after buying an additional 667,497 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Royal Gold by 5.0% in the first quarter. First Eagle Investment Management LLC now owns 3,406,065 shares of the basic materials company’s stock worth $238,595,000 after buying an additional 162,884 shares in the last quarter. State Street Corp boosted its position in Royal Gold by 4.8% in the first quarter. State Street Corp now owns 2,354,371 shares of the basic materials company’s stock worth $164,922,000 after buying an additional 108,212 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Royal Gold by 8.1% in the first quarter. Geode Capital Management LLC now owns 539,929 shares of the basic materials company’s stock worth $37,822,000 after buying an additional 40,412 shares in the last quarter. 70.56% of the stock is owned by institutional investors.
Royal Gold, Inc. (RGLD) traded up 1.26% during midday trading on Friday, reaching $86.70. 371,360 shares of the company were exchanged. The firm has a market capitalization of $5.66 billion, a PE ratio of 55.40 and a beta of 0.66. The company has a 50-day moving average of $79.16 and a 200 day moving average of $73.00. Royal Gold, Inc. has a 52 week low of $60.21 and a 52 week high of $87.74.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, May 10th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by $0.02. The firm had revenue of $107 million for the quarter, compared to analysts’ expectations of $105.14 million. Royal Gold had a return on equity of 4.22% and a net margin of 23.93%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. Equities analysts predict that Royal Gold, Inc. will post $1.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, July 5th. Royal Gold’s payout ratio is 61.15%.
RGLD has been the subject of a number of research reports. Zacks Investment Research raised shares of Royal Gold from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Wednesday, July 12th. Macquarie lowered shares of Royal Gold from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 12th. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Barclays PLC restated an “overweight” rating and issued a $84.00 price objective (up from $83.00) on shares of Royal Gold in a report on Tuesday, June 6th. Finally, National Bank Financial lowered shares of Royal Gold from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $80.00 to $82.50 in a report on Thursday, April 20th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $89.77.
In other Royal Gold news, CEO Tony A. Jensen sold 25,000 shares of Royal Gold stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $80.00, for a total transaction of $2,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stefan Wenger sold 500 shares of Royal Gold stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $75.00, for a total transaction of $37,500.00. The disclosure for this sale can be found here. Insiders have sold 59,129 shares of company stock valued at $4,844,560 over the last ninety days. 1.37% of the stock is owned by insiders.
About Royal Gold
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.
Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL).
Receive News & Ratings for Royal Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
