Royal Gold, Inc. $RGLD Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,219 shares of the basic materials company’s stock after selling 10,951 shares during the period. Westwood Holdings Group Inc.’s holdings in Royal Gold were worth $13,910,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RGLD. Envestnet Asset Management Inc. boosted its holdings in shares of Royal Gold by 128.0% during the first quarter. Envestnet Asset Management Inc. now owns 15,075 shares of the basic materials company’s stock valued at $2,465,000 after acquiring an additional 8,462 shares during the period. New York State Common Retirement Fund boosted its position in shares of Royal Gold by 4.1% during the first quarter. New York State Common Retirement Fund now owns 45,604 shares of the basic materials company’s stock worth $7,457,000 after buying an additional 1,803 shares during the period. Edgestream Partners L.P. acquired a new stake in Royal Gold in the 1st quarter valued at approximately $315,000. Massachusetts Financial Services Co. MA grew its stake in shares of Royal Gold by 32.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,464 shares of the basic materials company’s stock worth $1,057,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Royal Gold by 77.0% during the first quarter. Larson Financial Group LLC now owns 439 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 191 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Down 1.9%

Shares of Royal Gold stock opened at $185.83 on Friday. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $209.42. The firm has a market capitalization of $15.68 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. The stock’s fifty day moving average is $189.33 and its 200-day moving average is $178.24.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). The company had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $275.11 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 EPS. Analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is 24.73%.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Bank of America upped their target price on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, October 16th. TD Securities reaffirmed a “buy” rating and set a $237.00 price target (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.22.

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.