Hsbc Holdings PLC Decreases Stock Position in Royal Gold, Inc. $RGLD

Hsbc Holdings PLC cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 74.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,378 shares of the basic materials company's stock after selling 16,040 shares during the quarter. Hsbc Holdings PLC's holdings in Royal Gold were worth $1,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new stake in Royal Gold during the 1st quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new stake in Royal Gold during the 4th quarter worth about $27,000. Gen Wealth Partners Inc purchased a new position in shares of Royal Gold during the 4th quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in shares of Royal Gold in the 1st quarter valued at about $32,000. Finally, Grove Bank & Trust grew its holdings in Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company's stock worth $26,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 83.65% of the company's stock.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business's 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 completion of the sale, the senior vice president owned 8,082 shares in the company, valued at approximately $2,123,949.60. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $252.28 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The business has a 50-day simple moving average of $226.03 and a 200-day simple moving average of $234.89. The company has a market cap of $21.38 billion, a PE ratio of 27.54, a P/E/G ratio of 1.90 and a beta of 0.50. Royal Gold, Inc. has a one year low of $168.88 and a one year high of $306.25.

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 earnings per share 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 company had revenue of $468.98 million for the quarter, compared to analysts' expectations of $458.85 million. During the same quarter last year, the company earned $1.81 earnings per share. The firm's revenue for the quarter was up 114.9% on a year-over-year basis. On average, equities research analysts forecast that Royal Gold, Inc. will post 10.26 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold's dividend payout ratio is 20.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RGLD. Scotiabank reissued a "sector perform" rating and issued a $310.00 price target on shares of Royal Gold in a report on Tuesday, July 14th. UBS Group increased their price target on shares of Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Jefferies Financial Group decreased their price objective on shares of Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a research report on Monday, July 6th. Weiss Ratings downgraded Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada decreased their price target on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Royal Gold has an average rating of "Moderate Buy" and an average price target of $287.82.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to purchase a portion of the metals produced from certain projects at predetermined prices, or to receive revenue-based payments tied to mineral production.

Royal Gold's portfolio is organized into two primary businesses: streams and royalties. Its streaming agreements generally provide rights to purchase gold, silver, copper or other metals from mining operations, while its royalty interests entitle the company to a percentage of revenue or production from a mine without bearing the operator's ongoing costs.

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