Crossmark Global Holdings Inc. Sells 2,485 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Crossmark Global Holdings Inc. lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 27.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,428 shares of the basic materials company's stock after selling 2,485 shares during the period. Crossmark Global Holdings Inc.'s holdings in Royal Gold were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in shares of Royal Gold by 128.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,075 shares of the basic materials company's stock valued at $2,465,000 after purchasing an additional 8,462 shares during the last quarter. HM Payson & Co. boosted its position 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 buying an additional 500 shares in the last quarter. Barlow Wealth Partners Inc. grew its stake in shares of Royal Gold by 1.2% during the first quarter. Barlow Wealth Partners Inc. now owns 112,174 shares of the basic materials company's stock worth $20,065,000 after buying an additional 1,302 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Royal Gold during the first quarter worth $509,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Royal Gold by 0.4% during the first quarter. Principal Financial Group Inc. now owns 151,323 shares of the basic materials company's stock worth $24,743,000 after buying an additional 601 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Trading Up 0.1%

RGLD stock traded up $0.17 during trading on Friday, hitting $159.96. The company had a trading volume of 1,133,308 shares, compared to its average volume of 463,622. Royal Gold, Inc. has a one year low of $125.69 and a one year high of $191.78. The business has a 50-day moving average of $176.67 and a 200-day moving average of $161.46. The stock has a market cap of $10.53 billion, a PE ratio of 26.48, a PEG ratio of 1.14 and a beta of 0.44.

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

Royal Gold Announces Dividend

The firm 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 $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

Analyst Ratings Changes

RGLD has been the topic of several recent research reports. Raymond James Financial raised their price objective on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Royal Bank Of Canada cut their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. CIBC upped their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Finally, Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Two research 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.