Flinton Capital Management LLC grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 72.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,052 shares of the basic materials company’s stock after purchasing an additional 2,550 shares during the quarter. Flinton Capital Management LLC’s holdings in Royal Gold were worth $473,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in RGLD. Raymond James Financial Services Advisors Inc. lifted its stake in Royal Gold by 14.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,116 shares of the basic materials company’s stock worth $498,000 after purchasing an additional 911 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Royal Gold by 3.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,194 shares of the basic materials company’s stock worth $854,000 after purchasing an additional 427 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Royal Gold by 21.6% in the 1st quarter. Neuberger Berman Group LLC now owns 11,683 shares of the basic materials company’s stock worth $818,000 after purchasing an additional 2,075 shares in the last quarter. Wellington Management Group LLP lifted its stake in Royal Gold by 204.2% in the 1st quarter. Wellington Management Group LLP now owns 12,958 shares of the basic materials company’s stock worth $908,000 after purchasing an additional 8,699 shares in the last quarter. Finally, Advantus Capital Management Inc increased its holdings in shares of Royal Gold by 3.1% during the 1st quarter. Advantus Capital Management Inc now owns 8,365 shares of the basic materials company’s stock worth $586,000 after buying an additional 248 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.
RGLD has been the subject of a number of recent analyst reports. Canaccord Genuity restated a “buy” rating and set a $105.00 price target (up previously from $99.00) on shares of Royal Gold in a report on Thursday, August 10th. BMO Capital Markets restated a “buy” rating and set a $95.00 price target on shares of Royal Gold in a report on Thursday, June 29th. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a $88.00 price target on shares of Royal Gold in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $92.68.
In related news, CFO Stefan Wenger sold 1,129 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total transaction of $95,965.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total transaction of $2,125,000.00. The disclosure for this sale can be found here. Insiders have sold 106,345 shares of company stock valued at $9,279,753 in the last ninety days. 1.12% of the stock is currently owned by company insiders.
Shares of Royal Gold, Inc. (RGLD) opened at 88.87 on Wednesday. The firm has a market cap of $5.81 billion, a P/E ratio of 57.34 and a beta of 0.57. The company has a 50-day moving average of $89.66 and a 200 day moving average of $80.84. Royal Gold, Inc. has a 12-month low of $60.21 and a 12-month high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The company had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. During the same period last year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts anticipate that Royal Gold, Inc. will post $1.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is 61.54%.
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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