Mackenzie Financial Corp Sells 125 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Mackenzie Financial Corp lowered its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 71,277 shares of the basic materials company’s stock after selling 125 shares during the period. Mackenzie Financial Corp owned about 0.11% of Royal Gold worth $8,622,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Royal Gold during the fourth quarter valued at $31,000. Quarry LP bought a new position in shares of Royal Gold during the second quarter valued at $31,000. BKM Wealth Management LLC bought a new position in shares of Royal Gold during the fourth quarter valued at $36,000. Artemis Wealth Advisors LLC bought a new position in shares of Royal Gold during the third quarter valued at $36,000. Finally, 1832 Asset Management L.P. bought a new position in shares of Royal Gold during the first quarter valued at $51,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 0.9 %

NASDAQ:RGLD opened at $122.73 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 6.26 and a beta of 0.87. The firm has a fifty day simple moving average of $113.73 and a two-hundred day simple moving average of $114.28. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $147.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The firm had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. During the same period last year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts expect that Royal Gold, Inc. will post 4.32 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 43.96%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, VP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $104.18, for a total value of $52,090.00. Following the transaction, the vice president now directly owns 9,473 shares of the company’s stock, valued at $986,897.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price target for the company. Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $148.00 to $158.00 in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.25.

Royal Gold Company Profile

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.