Cedar Brook Financial Partners LLC lifted its holdings in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 6.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,851 shares of the basic materials company’s stock after acquiring an additional 119 shares during the quarter. Cedar Brook Financial Partners LLC’s holdings in Royal Gold were worth $226,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of RGLD. First Trust Advisors LP acquired a new stake in Royal Gold during the 1st quarter worth approximately $3,676,000. Uncommon Cents Investing LLC purchased a new stake in Royal Gold during the 3rd quarter valued at $203,000. Meeder Asset Management Inc. purchased a new stake in Royal Gold during the 3rd quarter valued at $169,000. Nisa Investment Advisors LLC grew its position in shares of Royal Gold by 5.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 31,950 shares of the basic materials company’s stock valued at $3,937,000 after acquiring an additional 1,650 shares during the period. Finally, Optimum Investment Advisors grew its position in shares of Royal Gold by 16.8% during the 3rd quarter. Optimum Investment Advisors now owns 3,125 shares of the basic materials company’s stock valued at $385,000 after acquiring an additional 450 shares during the period. Institutional investors own 79.41% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. B. Riley downgraded shares of Royal Gold from a “buy” rating to a “neutral” rating and cut their price objective for the company from $127.10 to $122.00 in a research report on Thursday, October 31st. Royal Bank of Canada assumed coverage on shares of Royal Gold in a research report on Wednesday, December 4th. They set a “sell” rating and a $115.00 price objective for the company. BidaskClub downgraded shares of Royal Gold from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. TD Securities cut their price objective on shares of Royal Gold from $135.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Finally, Cantor Fitzgerald raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $118.50.
Shares of Royal Gold stock opened at $104.22 on Friday. The company has a market capitalization of $6.83 billion, a P/E ratio of 41.03, a P/E/G ratio of 4.04 and a beta of 0.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.74 and a current ratio of 3.09. The company has a fifty day moving average of $114.23 and a 200 day moving average of $119.83. Royal Gold, Inc has a fifty-two week low of $80.65 and a fifty-two week high of $138.78.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $123.60 million during the quarter, compared to the consensus estimate of $130.34 million. Royal Gold had a return on equity of 6.25% and a net margin of 35.69%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS. Analysts forecast that Royal Gold, Inc will post 2.65 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 1.07%. This is an increase from Royal Gold’s previous quarterly dividend of $0.27. Royal Gold’s dividend payout ratio is currently 77.24%.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related 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, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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