C WorldWide Group Holding A S Sells 12,620 Shares of Royal Gold, Inc. $RGLD

Key Points

• C WorldWide Group Holding A S reduced its Royal Gold position by 57.9% in the second quarter, selling 12,620 shares and retaining 9,165 shares valued at approximately $1.83 million. Institutional investors collectively own 83.65% of the company.
• Analysts maintain a generally positive outlook, with seven Buy, four Hold and one Sell rating. Royal Gold has a “Moderate Buy” consensus and an average price target of $285.10.
• Royal Gold reported quarterly revenue of $468.98 million, up 114.9% year over year, and earnings of $2.56 per share, slightly exceeding estimates. The company also declared a quarterly dividend of $0.475 per share, equivalent to a 0.7% annual yield.

C WorldWide Group Holding A S lessened its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 57.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,165 shares of the basic materials company's stock after selling 12,620 shares during the period. C WorldWide Group Holding A S's holdings in Royal Gold were worth $1,829,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RGLD. Plancorp LLC boosted its holdings in Royal Gold by 69.8% during the fourth quarter. Plancorp LLC now owns 13,732 shares of the basic materials company's stock worth $3,053,000 after purchasing an additional 5,646 shares during the last quarter. World Investment Advisors bought a new stake in Royal Gold during the 4th quarter worth about $1,024,000. TD Asset Management Inc boosted its stake in shares of Royal Gold by 161.2% during the 4th quarter. TD Asset Management Inc now owns 43,836 shares of the basic materials company's stock worth $9,744,000 after buying an additional 27,051 shares during the last quarter. Vestcor Inc grew its holdings in shares of Royal Gold by 62.5% in the 4th quarter. Vestcor Inc now owns 32,177 shares of the basic materials company's stock valued at $7,153,000 after acquiring an additional 12,381 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Royal Gold in the 2nd quarter valued at about $1,083,000. 83.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on RGLD. Zacks Research raised Royal Gold from a "strong sell" rating to a "hold" rating in a research report on Monday. Scotiabank reissued a "sector perform" rating and issued a $310.00 target price on shares of Royal Gold in a research note on Tuesday, July 14th. Royal Bank Of Canada lowered their target price on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating on the stock in a report on Thursday, July 9th. 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 note on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $285.10.

Royal Gold Stock Down 0.3%

RGLD opened at $261.37 on Wednesday. The stock's fifty day simple moving average is $222.79 and its 200 day simple moving average is $235.41. Royal Gold, Inc. has a 1-year low of $168.88 and a 1-year high of $306.25. The stock has a market cap of $22.15 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05.

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

Royal Gold Announces Dividend

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

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares in the company, valued at $2,123,949.60. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

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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