Squar Milner Financial Services LLC Invests $212,000 in Royal Gold, Inc (RGLD)

Squar Milner Financial Services LLC purchased a new stake in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,439 shares of the basic materials company’s stock, valued at approximately $212,000.

Other hedge funds have also made changes to their positions in the company. Sprott Inc. grew its holdings in shares of Royal Gold by 4.3% in the third quarter. Sprott Inc. now owns 32,797 shares of the basic materials company’s stock valued at $2,822,000 after purchasing an additional 1,359 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Royal Gold by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 215,769 shares of the basic materials company’s stock valued at $18,565,000 after purchasing an additional 2,512 shares in the last quarter. America First Investment Advisors LLC grew its holdings in shares of Royal Gold by 2.7% in the third quarter. America First Investment Advisors LLC now owns 150,863 shares of the basic materials company’s stock valued at $12,980,000 after purchasing an additional 3,996 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Royal Gold by 8.6% in the third quarter. Aperio Group LLC now owns 72,549 shares of the basic materials company’s stock valued at $6,242,000 after purchasing an additional 5,765 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Royal Gold by 1.7% in the third quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock valued at $304,409,000 after purchasing an additional 58,541 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

A number of research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating on shares of Royal Gold in a report on Wednesday, November 1st. National Bank Financial lifted their price target on shares of Royal Gold from $100.00 to $102.50 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Cantor Fitzgerald started coverage on shares of Royal Gold in a research note on Thursday, January 4th. They issued a “buy” rating and a $105.00 price target for the company. Zacks Investment Research downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Finally, Canaccord Genuity upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $95.46.

Royal Gold, Inc (NASDAQ RGLD) opened at $84.99 on Friday. Royal Gold, Inc has a 12 month low of $61.00 and a 12 month high of $94.39. The company has a quick ratio of 3.80, a current ratio of 3.98 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5,602.32, a P/E ratio of 56.31, a P/E/G ratio of 5.08 and a beta of 0.61.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $114.79 million. Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. equities research analysts forecast that Royal Gold, Inc will post 1.69 EPS for the current fiscal year.

In other news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 4,500 shares of company stock valued at $387,750 in the last 90 days. Insiders own 1.12% of the company’s stock.

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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.

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

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