Private Client Services LLC Sells 1,955 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Private Client Services LLC trimmed its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 16.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,117 shares of the basic materials company's stock after selling 1,955 shares during the quarter. Private Client Services LLC's holdings in Royal Gold were worth $1,654,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. GoalVest Advisory LLC raised its stake in shares of Royal Gold by 5.2% in the first quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock worth $246,000 after buying an additional 75 shares during the period. Savant Capital LLC raised its stake in shares of Royal Gold by 0.4% in the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock worth $2,784,000 after buying an additional 93 shares during the period. CIBC Asset Management Inc raised its stake in shares of Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock worth $1,700,000 after buying an additional 94 shares during the period. Bessemer Group Inc. raised its stake in shares of Royal Gold by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock worth $2,871,000 after buying an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Royal Gold by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock worth $2,413,000 after buying an additional 100 shares during the period. 83.65% of the stock is owned by institutional investors.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. The trade was a 12.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company's stock.

Royal Gold Stock Down 1.3%

NASDAQ RGLD traded down $2.50 during trading on Tuesday, hitting $184.21. 125,107 shares of the stock traded hands, compared to its average volume of 420,032. The company has a market capitalization of $12.12 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. The firm has a 50-day simple moving average of $174.86 and a 200-day simple moving average of $155.14. Royal Gold, Inc. has a 12-month low of $119.72 and a 12-month high of $191.78.

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 for the quarter, beating the consensus estimate of $1.37 by $0.14. The business had revenue of $193.44 million during the quarter, compared to analysts' expectations of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The firm's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. As a group, research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is 29.80%.

Analyst Ratings Changes

RGLD has been the topic of several recent research reports. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. CIBC increased their target price on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Raymond James increased their target price on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, BMO Capital Markets set a $197.00 target price on Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $183.13.

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.