Aaron Wealth Advisors LLC Sells 37,227 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Aaron Wealth Advisors LLC cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 79.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,726 shares of the basic materials company's stock after selling 37,227 shares during the period. Aaron Wealth Advisors LLC's holdings in Royal Gold were worth $1,176,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC bought a new position in shares of Royal Gold during the fourth quarter valued at about $31,000. Quarry LP bought a new position in shares of Royal Gold during the second quarter valued at about $31,000. Artemis Wealth Advisors LLC bought a new position in shares of Royal Gold during the third quarter valued at about $36,000. BKM Wealth Management LLC bought a new position in shares of Royal Gold during the fourth quarter valued at about $36,000. Finally, 1832 Asset Management L.P. bought a new position in Royal Gold in the first quarter worth about $51,000. 83.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the transaction, the senior vice president now directly owns 12,127 shares of the company's stock, valued at approximately $1,370,351. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.

Royal Gold Price Performance

Shares of RGLD stock traded down $1.84 on Wednesday, hitting $122.99. 366,196 shares of the stock traded hands, compared to its average volume of 416,456. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.49 and a beta of 0.87. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $147.82. The firm has a 50 day simple moving average of $112.53 and a two-hundred day simple moving average of $113.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted 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 company had revenue of $152.70 million during the quarter, compared to analysts' expectations of $140.32 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. Royal Gold's quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.91 earnings per share. As a group, equities research analysts predict that Royal Gold, Inc. will post 4.17 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a $0.40 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. Royal Gold's payout ratio is currently 43.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BMO Capital Markets raised shares of Royal Gold from a "market perform" rating to an "outperform" rating and increased their price target for the stock 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. Jefferies Financial Group assumed coverage on shares of Royal Gold in a report on Thursday, February 29th. They issued a "hold" rating and a $117.00 price objective on the stock. Finally, Cantor Fitzgerald cut shares of Royal Gold from an "overweight" rating to a "neutral" rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $145.67.

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.

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