Visionary Asset Management Inc. increased its holdings in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,246 shares of the basic materials company’s stock after purchasing an additional 611 shares during the period. Visionary Asset Management Inc.’s holdings in Royal Gold were worth $449,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of Royal Gold by 131.0% in the fourth quarter. State of Alaska Department of Revenue now owns 40,764 shares of the basic materials company’s stock valued at $3,490,000 after purchasing an additional 23,116 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Royal Gold by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 84,936 shares of the basic materials company’s stock valued at $7,275,000 after purchasing an additional 283 shares in the last quarter. Legacy Capital Partners Inc. lifted its holdings in shares of Royal Gold by 5.3% in the fourth quarter. Legacy Capital Partners Inc. now owns 24,312 shares of the basic materials company’s stock valued at $2,082,000 after purchasing an additional 1,225 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Royal Gold by 1.8% in the third quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after purchasing an additional 113,273 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in shares of Royal Gold by 35.7% in the third quarter. Federated Investors Inc. PA now owns 47,593 shares of the basic materials company’s stock valued at $3,668,000 after purchasing an additional 12,533 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Raymond James set a $94.00 price target on Royal Gold and gave the stock a “buy” rating in a report on Thursday, November 1st. ValuEngine upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Friday, December 7th. BidaskClub upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Tuesday, December 25th. Barclays dropped their price target on Royal Gold from $78.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 14th. Finally, TD Securities lowered Royal Gold from a “buy” rating to a “hold” rating and dropped their price target for the stock from $97.00 to $88.00 in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $94.50.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, October 31st. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.14). The firm had revenue of $100.00 million during the quarter, compared to the consensus estimate of $98.88 million. Royal Gold had a negative net margin of 28.39% and a positive return on equity of 4.66%. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Sell-side analysts anticipate that Royal Gold, Inc will post 1.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This is a positive change from Royal Gold’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 1.26%. Royal Gold’s payout ratio is presently 60.23%.
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Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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