Covestor Ltd Sells 197 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Covestor Ltd reduced its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 843 shares of the basic materials company’s stock after selling 197 shares during the period. Covestor Ltd’s holdings in Royal Gold were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in Royal Gold during the 3rd quarter worth approximately $49,000. Blue Trust Inc. increased its stake in shares of Royal Gold by 108.7% in the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after buying an additional 213 shares in the last quarter. Mather Group LLC. bought a new position in shares of Royal Gold in the second quarter valued at about $62,000. 1832 Asset Management L.P. acquired a new position in Royal Gold during the 2nd quarter worth about $65,000. Finally, International Assets Investment Management LLC bought a new stake in Royal Gold during the 2nd quarter worth about $75,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Down 1.5 %

Shares of RGLD opened at $141.32 on Wednesday. The stock’s 50-day moving average price is $143.81 and its two-hundred day moving average price is $135.33. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10. The stock has a market cap of $9.29 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. During the same period last year, the business posted $0.76 earnings per share. The business’s revenue for the quarter was up 39.8% compared to the same quarter last year. As a group, equities analysts forecast that Royal Gold, Inc. will post 5.07 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.13%. Royal Gold’s dividend payout ratio is presently 36.70%.

Analysts Set New Price Targets

RGLD has been the topic of a number of research reports. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group upped their price objective on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank lifted their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Raymond James lifted their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $165.43.

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the sale, the senior vice president now owns 16,842 shares of the company’s stock, valued at $2,415,648.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the transaction, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at approximately $2,659,182.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the sale, the senior vice president now directly owns 16,842 shares in the company, valued at $2,415,648.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,355 shares of company stock valued at $1,038,155. Company insiders own 0.52% of the company’s stock.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.