Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC has reduced its stake in Royal Gold, Inc. by 47.6%, lowering its holdings to 8,976 shares valued at approximately $1.47 million.
• Royal Gold reported earnings per share of $1.81 for the last quarter, exceeding analysts' expectations of $1.70, and its revenue increased by 20.4% year-over-year.
• The company recently declared a quarterly dividend of $0.45, representing an annualized yield of 1.0% and a payout ratio of 26.39%.

Neuberger Berman Group LLC trimmed its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 47.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,976 shares of the basic materials company's stock after selling 8,155 shares during the period. Neuberger Berman Group LLC's holdings in Royal Gold were worth $1,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Royal Gold by 17,722.4% during the first quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after buying an additional 454,934 shares during the period. Select Equity Group L.P. acquired a new stake in shares of Royal Gold during the fourth quarter worth $55,825,000. Nuveen LLC acquired a new stake in shares of Royal Gold during the first quarter worth $40,882,000. Victory Capital Management Inc. lifted its stake in shares of Royal Gold by 117.0% during the first quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company's stock worth $67,886,000 after buying an additional 223,870 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Royal Gold during the fourth quarter worth $27,536,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $171.45 on Friday. The firm has a fifty day moving average price of $167.55 and a 200 day moving average price of $165.42. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $191.78. The stock has a market cap of $11.29 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.20 and a beta of 0.40.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share for the quarter, beating 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 company had revenue of $209.64 million during the quarter, compared to analysts' expectations of $186.63 million. During the same quarter in the previous year, the company earned $1.25 earnings per share. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Royal Gold's payout ratio is presently 26.39%.

Analyst Ratings Changes

Several research firms have recently commented on RGLD. CIBC lifted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. TD Securities reiterated a "buy" rating and set a $237.00 price objective (up from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Wall Street Zen cut shares of Royal Gold from a "buy" rating to a "hold" rating in a report on Saturday. BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group raised their target price on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold has a consensus rating of "Moderate Buy" and a consensus 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.

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