Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Private Client Services LLC

Private Client Services LLC trimmed its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors increased its holdings in Royal Gold by 0.4% in the fourth quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock valued at $1,156,842,000 after buying an additional 37,648 shares during the last quarter. Vanguard Group Inc. increased its holdings in Royal Gold by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock valued at $877,058,000 after buying an additional 89,298 shares during the last quarter. Northern Trust Corp increased its holdings in Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock valued at $135,730,000 after buying an additional 168,569 shares during the last quarter. AQR Capital Management LLC increased its holdings in Royal Gold by 18.1% in the fourth quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock valued at $131,412,000 after buying an additional 152,599 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Royal Gold by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company's stock valued at $115,735,000 after buying an additional 49,206 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on RGLD. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $166.00 to $189.00 in a report on Monday, April 14th. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. Raymond James upped their target price 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 lowered their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Wall Street Zen raised Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Royal Gold has an average rating of "Moderate Buy" and a consensus price target of $183.13.

Royal Gold Price Performance

Shares of NASDAQ RGLD traded down $1.74 during midday trading on Friday, hitting $177.66. 824,840 shares of the company's stock were exchanged, compared to its average volume of 420,457. The stock's 50 day moving average price is $174.31 and its 200-day moving average price is $154.71. The firm has a market cap of $11.69 billion, a P/E ratio of 35.25, a PEG ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a twelve month low of $119.72 and a twelve month high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 11.46% and a net margin of 46.15%. The business's revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.01%. Royal Gold's dividend payout ratio (DPR) is 29.80%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company's 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 sale, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. This represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

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.