Creative Planning grew its position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,638 shares of the basic materials company’s stock after purchasing an additional 599 shares during the period. Creative Planning’s holdings in Royal Gold were worth $941,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of RGLD. Gamco Investors INC. ET AL raised its holdings in shares of Royal Gold by 64.4% during the third quarter. Gamco Investors INC. ET AL now owns 20,293 shares of the basic materials company’s stock worth $2,500,000 after acquiring an additional 7,953 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Royal Gold by 71.6% during the third quarter. Russell Investments Group Ltd. now owns 151,695 shares of the basic materials company’s stock worth $18,876,000 after acquiring an additional 63,292 shares during the period. Hanseatic Management Services Inc. acquired a new stake in shares of Royal Gold during the third quarter worth $921,000. LS Investment Advisors LLC raised its holdings in shares of Royal Gold by 3.2% during the third quarter. LS Investment Advisors LLC now owns 3,298 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 102 shares during the period. Finally, Texas Permanent School Fund raised its holdings in shares of Royal Gold by 0.4% during the third quarter. Texas Permanent School Fund now owns 44,623 shares of the basic materials company’s stock worth $5,498,000 after acquiring an additional 156 shares during the period. Institutional investors own 78.20% of the company’s stock.
In other news, CEO Tony A. Jensen sold 14,984 shares of Royal Gold stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $134.08, for a total value of $2,009,054.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bruce Christopher Kirchhoff sold 1,593 shares of Royal Gold stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $132.72, for a total transaction of $211,422.96. Following the completion of the transaction, the vice president now directly owns 43,450 shares of the company’s stock, valued at approximately $5,766,684. The disclosure for this sale can be found here. Insiders sold a total of 20,491 shares of company stock worth $2,737,758 over the last quarter. Company insiders own 0.52% of the company’s stock.
Shares of RGLD stock opened at $112.27 on Tuesday. The company has a current ratio of 5.07, a quick ratio of 4.74 and a debt-to-equity ratio of 0.07. Royal Gold, Inc has a 1 year low of $70.16 and a 1 year high of $138.78. The firm’s fifty day moving average price is $121.52 and its two-hundred day moving average price is $110.64. The firm has a market capitalization of $7.44 billion, a P/E ratio of 62.06, a PEG ratio of 4.54 and a beta of 0.10.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Royal Gold had a net margin of 33.78% and a return on equity of 5.51%. The firm had revenue of $118.77 million for the quarter, compared to analyst estimates of $129.47 million. During the same period in the previous year, the business earned $0.23 EPS. The company’s revenue was up 18.8% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Gold, Inc will post 2.5 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.06 annualized dividend and a yield of 0.94%. Royal Gold’s payout ratio is currently 73.10%.
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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