IHT Wealth Management LLC purchased a new position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,158 shares of the basic materials company’s stock, valued at approximately $356,000.
A number of other institutional investors and hedge funds also recently modified their holdings of RGLD. First Trust Advisors LP lifted its holdings in Royal Gold by 27.6% in the third quarter. First Trust Advisors LP now owns 37,397 shares of the basic materials company’s stock valued at $2,882,000 after acquiring an additional 8,089 shares during the period. Russell Investments Group Ltd. increased its position in shares of Royal Gold by 630.8% in the third quarter. Russell Investments Group Ltd. now owns 68,107 shares of the basic materials company’s stock valued at $5,244,000 after buying an additional 58,788 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Royal Gold by 7.5% in the third quarter. Prudential Financial Inc. now owns 197,223 shares of the basic materials company’s stock valued at $15,198,000 after buying an additional 13,760 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Royal Gold by 59.3% in the third quarter. Martingale Asset Management L P now owns 70,114 shares of the basic materials company’s stock valued at $5,404,000 after buying an additional 26,101 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Royal Gold by 1.1% in the third quarter. American International Group Inc. now owns 133,314 shares of the basic materials company’s stock valued at $10,273,000 after buying an additional 1,436 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.
Shares of Royal Gold stock traded up $0.23 during trading hours on Monday, hitting $92.79. The company’s stock had a trading volume of 321,000 shares, compared to its average volume of 447,725. Royal Gold, Inc has a twelve month low of $70.16 and a twelve month high of $98.53. The firm has a market cap of $5.99 billion, a PE ratio of 52.57, a price-to-earnings-growth ratio of 6.01 and a beta of 0.14. The company has a quick ratio of 5.27, a current ratio of 5.48 and a debt-to-equity ratio of 0.17.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $97.60 million for the quarter, compared to analyst estimates of $100.80 million. Royal Gold had a positive return on equity of 4.56% and a negative net margin of 20.57%. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. As a group, equities analysts expect that Royal Gold, Inc will post 1.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.06 annualized dividend and a yield of 1.14%. Royal Gold’s dividend payout ratio is presently 60.23%.
Several brokerages recently commented on RGLD. BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Zacks Investment Research cut Royal Gold from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. BMO Capital Markets cut Royal Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Desjardins cut Royal Gold from a “buy” rating to a “hold” rating in a report on Friday. Finally, B. Riley upgraded Royal Gold from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $100.00 in a report on Monday, April 1st. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Royal Gold presently has a consensus rating of “Buy” and an average target price of $94.61.
About Royal Gold
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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