Royal Gold, Inc. (NASDAQ:RGLD) Position Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 27.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,428 shares of the basic materials company's stock after selling 2,485 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Royal Gold were worth $1,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Royal Gold in the 1st quarter worth approximately $32,000. Jones Financial Companies Lllp grew its holdings in shares of Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after purchasing an additional 293 shares during the last quarter. HM Payson & Co. boosted its holdings in Royal Gold by 4,545.5% in the first quarter. HM Payson & Co. now owns 511 shares of the basic materials company's stock valued at $84,000 after acquiring an additional 500 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Royal Gold during the fourth quarter worth about $95,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth about $129,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Down 1.3%

RGLD traded down $2.01 on Tuesday, reaching $157.81. The stock had a trading volume of 986,292 shares, compared to its average volume of 469,055. The business's 50-day moving average price is $176.67 and its two-hundred day moving average price is $161.65. Royal Gold, Inc. has a 12-month low of $125.69 and a 12-month high of $191.78. The company has a market cap of $10.39 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.14 and a beta of 0.44.

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

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be issued a $0.45 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. Royal Gold's dividend payout ratio is presently 29.80%.

Wall Street Analyst Weigh In

RGLD has been the subject of several research analyst reports. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Raymond James Financial upped their target price on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. 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. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Finally, CIBC increased their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently 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.