Royal Gold, Inc. $RGLD Stock Holdings Lowered by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC reduced its holdings in Royal Gold by 28.8% in the first quarter, now owning 23,479 shares valued at approximately $3.84 million.
• Royal Gold announced a quarterly dividend of $0.45 per share, payable on October 17th, representing an annualized yield of 1.0%.
• Recent earnings results revealed that Royal Gold surpassed expectations with an earnings per share of $1.81, up 20.4% from the previous year and indicating strong revenue growth.

NewEdge Advisors LLC reduced its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 28.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,479 shares of the basic materials company's stock after selling 9,476 shares during the period. NewEdge Advisors LLC's holdings in Royal Gold were worth $3,839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its position in Royal Gold by 173.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,002 shares of the basic materials company's stock worth $528,000 after purchasing an additional 2,537 shares during the period. BNP Paribas Financial Markets lifted its stake in Royal Gold by 80.4% in the 4th quarter. BNP Paribas Financial Markets now owns 27,759 shares of the basic materials company's stock worth $3,659,000 after purchasing an additional 12,368 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Royal Gold by 22.1% in the 4th quarter. Captrust Financial Advisors now owns 4,916 shares of the basic materials company's stock worth $648,000 after buying an additional 890 shares during the last quarter. Focus Partners Wealth grew its holdings in Royal Gold by 23.6% during the 4th quarter. Focus Partners Wealth now owns 5,589 shares of the basic materials company's stock valued at $737,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its position in Royal Gold by 22.9% in the 4th quarter. Gotham Asset Management LLC now owns 56,310 shares of the basic materials company's stock valued at $7,424,000 after buying an additional 10,482 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Price Performance

Shares of Royal Gold stock traded up $0.13 during trading hours on Friday, hitting $189.32. The company had a trading volume of 616,041 shares, compared to its average volume of 677,227. The company's 50-day moving average is $167.93 and its two-hundred day moving average is $170.02. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $191.78. The company has a market cap of $12.46 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $209.64 million during the quarter, compared to analysts' expectations of $186.63 million. During the same quarter in the prior year, the business earned $1.25 EPS. Royal Gold's quarterly revenue was up 20.4% compared to the same quarter last year. Sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, October 3rd. Royal Gold's payout ratio is presently 26.39%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RGLD shares. Wall Street Zen upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Zacks Research lowered shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Canaccord Genuity Group raised their price target on shares of Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Finally, TD Securities restated a "buy" rating and set a $237.00 price target (up from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Royal Gold currently has an average rating of "Moderate Buy" and an average target price of $198.63.

Royal Gold Company 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.