Ancora Advisors LLC Lowers Stock Holdings in Royal Gold, Inc. $RGLD

Ancora Advisors LLC reduced its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 95.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the basic materials company's stock after selling 15,767 shares during the period. Ancora Advisors LLC's holdings in Royal Gold were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RGLD. Northwestern Mutual Wealth Management Co. increased its stake in Royal Gold by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,705 shares of the basic materials company's stock worth $2,536,000 after acquiring an additional 162 shares during the last quarter. Navellier & Associates Inc. grew its holdings in shares of Royal Gold by 21.9% during the second quarter. Navellier & Associates Inc. now owns 2,518 shares of the basic materials company's stock worth $503,000 after purchasing an additional 453 shares in the last quarter. Archer Investment Corp bought a new position in shares of Royal Gold in the second quarter worth approximately $174,000. Kingsview Wealth Management LLC bought a new position in shares of Royal Gold in the second quarter worth approximately $324,000. Finally, Muhlenkamp & Co. Inc. purchased a new stake in Royal Gold in the second quarter valued at approximately $17,583,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $262.80, for a total value of $131,400.00. Following the sale, the senior vice president owned 8,082 shares of the company's stock, valued at $2,123,949.60. The trade was a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.35% of the company's stock.

Royal Gold Stock Down 1.0%

RGLD stock opened at $262.11 on Friday. The business's 50-day moving average is $220.36 and its two-hundred day moving average is $236.00. The company has a market cap of $22.21 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.99 and a beta of 0.50. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The firm had revenue of $468.98 million during the quarter, compared to analyst estimates of $458.85 million. During the same period in the prior year, the business posted $1.81 EPS. Royal Gold's revenue was up 114.9% on a year-over-year basis. As a group, analysts forecast that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold's dividend payout ratio is presently 20.74%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Jefferies Financial Group cut their price objective on Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a report on Monday, July 6th. Scotiabank reiterated a "sector perform" rating and set a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. Zacks Research lowered Royal Gold from a "hold" rating to a "strong sell" rating in a research note on Friday, July 31st. Finally, UBS Group increased their price target on shares of Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Royal Gold currently has a consensus rating of "Hold" and an average price target of $285.10.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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