Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Xponance Inc.

Xponance Inc. cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 37.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,548 shares of the basic materials company's stock after selling 5,140 shares during the quarter. Xponance Inc.'s holdings in Royal Gold were worth $1,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its holdings in Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after buying an additional 293 shares during the period. Raymond James Financial Inc. acquired a new position in Royal Gold in the 4th quarter worth approximately $11,998,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Royal Gold in the 4th quarter worth approximately $741,000. Swiss National Bank increased its holdings in Royal Gold by 0.7% in the 4th quarter. Swiss National Bank now owns 129,300 shares of the basic materials company's stock worth $17,048,000 after buying an additional 900 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Royal Gold by 1.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company's stock worth $1,715,000 after buying an additional 199 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Down 0.1%

Shares of Royal Gold stock traded down $0.14 on Wednesday, reaching $157.67. The company's stock had a trading volume of 791,042 shares, compared to its average volume of 471,310. The company has a market capitalization of $10.38 billion, a P/E ratio of 26.10, a PEG ratio of 1.14 and a beta of 0.44. Royal Gold, Inc. has a 52-week low of $125.69 and a 52-week high of $191.78. The stock has a 50-day moving average price of $175.75 and a 200-day moving average price of $161.80.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, beating analysts' consensus estimates 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 12.48% and a net margin of 52.15%. The business's revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, July 3rd. Royal Gold's payout ratio is 29.80%.

Analyst Upgrades and Downgrades

RGLD has been the topic of several research reports. Royal Bank Of Canada cut their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Raymond James Financial lifted their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Canaccord Genuity Group lifted their price target on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Finally, Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Royal Gold has a consensus rating of "Moderate Buy" and an average target price of $192.13.

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.