Findlay Park Partners LLP Reduces Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Findlay Park Partners LLP lowered its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,268,030 shares of the basic materials company's stock after selling 33,297 shares during the period. Royal Gold makes up 1.5% of Findlay Park Partners LLP's investment portfolio, making the stock its 29th largest holding. Findlay Park Partners LLP owned about 1.93% of Royal Gold worth $153,381,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. River Road Asset Management LLC raised its holdings in Royal Gold by 19.4% in the fourth quarter. River Road Asset Management LLC now owns 52,578 shares of the basic materials company's stock worth $6,360,000 after buying an additional 8,550 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Royal Gold by 22.4% in the fourth quarter. Victory Capital Management Inc. now owns 193,518 shares of the basic materials company's stock worth $23,408,000 after buying an additional 35,458 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Royal Gold in the fourth quarter worth about $2,238,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Royal Gold in the third quarter worth about $1,138,000. Finally, American Century Companies Inc. raised its holdings in Royal Gold by 28.0% in the third quarter. American Century Companies Inc. now owns 236,621 shares of the basic materials company's stock worth $25,160,000 after buying an additional 51,795 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Royal Gold Price Performance

RGLD stock traded up $1.87 during trading on Friday, reaching $127.24. The company's stock had a trading volume of 397,226 shares, compared to its average volume of 472,427. The company's fifty day moving average is $118.68 and its 200-day moving average is $115.94. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $138.50. The company has a market capitalization of $8.36 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 7.17 and a beta of 0.88. The company has a quick ratio of 2.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). The firm had revenue of $148.90 million for the quarter, compared to analysts' expectations of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm's revenue was down 12.6% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, research analysts expect that Royal Gold, Inc. will post 4.36 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold's dividend payout ratio is currently 47.20%.

Analyst Upgrades and Downgrades

RGLD has been the subject of several research reports. Cantor Fitzgerald cut shares of Royal Gold from an "overweight" rating to a "neutral" rating in a report on Thursday, February 15th. National Bank Financial raised shares of Royal Gold from a "sector perform" rating to an "outperform" rating in a report on Thursday, February 15th. BMO Capital Markets decreased their price objective on shares of Royal Gold from $162.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Jefferies Financial Group began coverage on shares of Royal Gold in a report on Thursday, February 29th. They set a "hold" rating and a $117.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of "Hold" and a consensus target price of $141.14.

Insider Activity

In other news, VP Randy Shefman sold 500 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $104.18, for a total value of $52,090.00. Following the sale, the vice president now owns 9,473 shares of the company's stock, valued at $986,897.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company's stock.

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.