Bessemer Group Inc. Sells 14,843 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Bessemer Group Inc. lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 68.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,929 shares of the basic materials company's stock after selling 14,843 shares during the quarter. Bessemer Group Inc.'s holdings in Royal Gold were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in Royal Gold in the fourth quarter worth about $42,000. Jones Financial Companies Lllp boosted its holdings in Royal Gold by 390.7% in the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after acquiring an additional 293 shares in the last quarter. IFP Advisors Inc boosted its holdings in Royal Gold by 66.7% in the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after acquiring an additional 158 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Royal Gold by 42.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 651 shares of the basic materials company's stock worth $86,000 after acquiring an additional 194 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in Royal Gold in the fourth quarter worth about $95,000. Institutional investors own 83.65% of the company's stock.

Royal Gold Stock Performance

NASDAQ RGLD opened at $175.48 on Monday. The stock's fifty day moving average is $178.79 and its two-hundred day moving average is $159.36. The firm has a market capitalization of $11.55 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44. Royal Gold, Inc. has a fifty-two week low of $124.79 and a fifty-two week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.14. The firm had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. Royal Gold's revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, July 3rd. Royal Gold's dividend payout ratio is presently 29.80%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Raymond James Financial raised their price objective on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Royal Bank Of Canada reduced their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Canaccord Genuity Group raised their price objective on Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Finally, Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.13.

Royal Gold 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.

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