SG Americas Securities LLC Lowers Stake in Royal Gold, Inc. (NASDAQ:RGLD)

SG Americas Securities LLC lowered its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 72.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,176 shares of the basic materials company's stock after selling 13,691 shares during the quarter. SG Americas Securities LLC's holdings in Royal Gold were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Royal Gold during the second quarter valued at approximately $31,000. Artemis Wealth Advisors LLC acquired a new position in Royal Gold in the 3rd quarter worth approximately $36,000. BKM Wealth Management LLC acquired a new stake in shares of Royal Gold during the 4th quarter valued at $36,000. 1832 Asset Management L.P. acquired a new stake in shares of Royal Gold during the 1st quarter valued at $51,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Royal Gold during the 4th quarter valued at $52,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

RGLD has been the subject of a number of research reports. BMO Capital Markets raised shares of Royal Gold from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $148.00 to $158.00 in a research note on Wednesday, March 27th. National Bank Financial upgraded shares of Royal Gold from a "sector perform" rating to an "outperform" rating in a report on Thursday, February 15th. Cantor Fitzgerald downgraded shares of Royal Gold from an "overweight" rating to a "neutral" rating in a report on Thursday, February 15th. Finally, Jefferies Financial Group started coverage on shares of Royal Gold in a report on Thursday, February 29th. They issued a "hold" rating and a $117.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $145.67.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD traded up $0.05 on Thursday, hitting $122.40. 661,664 shares of the company were exchanged, compared to its average volume of 408,930. The company's 50 day moving average price is $111.83 and its two-hundred day moving average price is $113.32. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $147.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.49 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.20. The business had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The firm's revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. Research analysts expect that Royal Gold, Inc. will post 4.17 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be given a $0.40 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. Royal Gold's dividend payout ratio (DPR) is presently 43.96%.

About Royal Gold

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.