Xact Kapitalforvaltning AB lessened its position in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 13.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,502 shares of the basic materials company’s stock after selling 1,500 shares during the period. Xact Kapitalforvaltning AB’s holdings in Royal Gold were worth $814,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGLD. Capital World Investors lifted its position in shares of Royal Gold by 1.5% during the 3rd quarter. Capital World Investors now owns 8,138,500 shares of the basic materials company’s stock worth $627,153,000 after buying an additional 121,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Royal Gold by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,410,978 shares of the basic materials company’s stock worth $494,029,000 after buying an additional 113,273 shares during the last quarter. Vanguard Group Inc raised its position in Royal Gold by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after purchasing an additional 113,273 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Royal Gold by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 739,381 shares of the basic materials company’s stock valued at $56,973,000 after purchasing an additional 5,603 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in Royal Gold by 4.6% in the 3rd quarter. Gabelli Funds LLC now owns 719,000 shares of the basic materials company’s stock valued at $55,406,000 after purchasing an additional 31,500 shares during the last quarter. Institutional investors own 78.40% of the company’s stock.
Royal Gold stock traded down $0.63 during trading hours on Monday, reaching $86.24. 1,340 shares of the stock were exchanged, compared to its average volume of 470,673. The company has a market cap of $5.65 billion, a P/E ratio of 48.93, a PEG ratio of 5.52 and a beta of 0.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.27 and a current ratio of 5.48. Royal Gold, Inc has a 52-week low of $70.16 and a 52-week high of $98.53.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $97.60 million during the quarter, compared to the consensus estimate of $100.80 million. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. Royal Gold’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, equities analysts predict that Royal Gold, Inc will post 1.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 18th. Stockholders of record on Friday, January 4th were paid a dividend of $0.265 per share. The ex-dividend date was Thursday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.23%. Royal Gold’s dividend payout ratio is 60.23%.
Several analysts recently commented on RGLD shares. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. BidaskClub upgraded shares of Royal Gold from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Raymond James set a $94.00 price target on shares of Royal Gold and gave the company a “buy” rating in a research report on Thursday, November 1st. TD Securities downgraded shares of Royal Gold from a “buy” rating to a “hold” rating and reduced their price target for the company from $97.00 to $88.00 in a research report on Friday, November 2nd. Finally, Barclays reduced their price target on shares of Royal Gold from $78.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 14th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $93.72.
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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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