Icon Advisers Inc. Co. maintained its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,000 shares of the basic materials company’s stock at the end of the 2nd quarter. Icon Advisers Inc. Co. owned 0.06% of Royal Gold worth $3,205,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Royal Gold by 1.7% during the 2nd quarter. IFP Advisors Inc now owns 2,343 shares of the basic materials company’s stock worth $183,000 after purchasing an additional 39 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Royal Gold by 6.2% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,648 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 96 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Royal Gold by 2.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,216 shares of the basic materials company’s stock worth $408,000 after acquiring an additional 100 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of Royal Gold by 0.8% during the 2nd quarter. Utah Retirement Systems now owns 11,946 shares of the basic materials company’s stock worth $934,000 after acquiring an additional 100 shares during the last quarter. Finally, World Asset Management Inc increased its holdings in shares of Royal Gold by 2.6% during the 1st quarter. World Asset Management Inc now owns 4,084 shares of the basic materials company’s stock worth $286,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 70.43% of the company’s stock.
A number of research analysts recently weighed in on RGLD shares. Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Wednesday, July 12th. Macquarie lowered Royal Gold from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 12th. BidaskClub raised Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Barclays PLC reissued an “overweight” rating and set a $84.00 target price (up from $83.00) on shares of Royal Gold in a report on Tuesday, June 6th. Finally, BMO Capital Markets reissued a “buy” rating and set a $95.00 target price on shares of Royal Gold in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $91.95.
In other news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $77.05, for a total value of $115,575.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bruce Christopher Kirchhoff sold 28,805 shares of Royal Gold stock in a transaction on Friday, August 18th. The shares were sold at an average price of $86.28, for a total value of $2,485,295.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,845 shares of company stock worth $9,306,508. Corporate insiders own 1.37% of the company’s stock.
Royal Gold, Inc. (NASDAQ:RGLD) opened at 90.16 on Friday. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 58.17 and a beta of 0.63. The firm has a 50-day moving average price of $88.65 and a 200-day moving average price of $77.58. Royal Gold, Inc. has a one year low of $60.21 and a one year high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $108.72 million. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Analysts expect that Royal Gold, Inc. will post $1.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.06%. Royal Gold’s payout ratio is presently 61.54%.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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