DE Burlo Group Inc. Decreases Stock Position in Royal Gold, Inc (NASDAQ:RGLD)

DE Burlo Group Inc. lessened its stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 97.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,600 shares of the basic materials company’s stock after selling 104,600 shares during the period. DE Burlo Group Inc.’s holdings in Royal Gold were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. State Street Corp grew its position in Royal Gold by 2.4% during the 4th quarter. State Street Corp now owns 1,805,776 shares of the basic materials company’s stock worth $220,756,000 after acquiring an additional 42,431 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Royal Gold by 37.2% in the third quarter. Parametric Portfolio Associates LLC now owns 220,770 shares of the basic materials company’s stock worth $27,201,000 after purchasing an additional 59,883 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Royal Gold by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 183,586 shares of the basic materials company’s stock worth $21,171,000 after purchasing an additional 7,477 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Royal Gold by 1.2% in the fourth quarter. Rhumbline Advisers now owns 181,199 shares of the basic materials company’s stock worth $22,152,000 after purchasing an additional 2,103 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Royal Gold by 99.9% in the third quarter. Retirement Systems of Alabama now owns 170,322 shares of the basic materials company’s stock worth $20,985,000 after buying an additional 85,099 shares during the period. 79.41% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on RGLD shares. Royal Bank of Canada started coverage on shares of Royal Gold in a research report on Wednesday, December 4th. They set a “sell” rating and a $115.00 price target for the company. National Bank Financial boosted their price objective on shares of Royal Gold from $130.00 to $140.00 and gave the company a “sector perform” rating in a research report on Friday, January 10th. TheStreet downgraded shares of Royal Gold from a “b” rating to a “c+” rating in a research note on Friday, February 7th. ValuEngine downgraded shares of Royal Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, B. Riley lowered shares of Royal Gold from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $127.10 to $122.00 in a report on Thursday, October 31st. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $118.50.

Shares of NASDAQ:RGLD traded down $1.82 on Friday, hitting $102.40. The company had a trading volume of 13,626 shares, compared to its average volume of 605,902. The firm’s 50-day simple moving average is $114.23 and its two-hundred day simple moving average is $119.83. Royal Gold, Inc has a 1 year low of $80.65 and a 1 year high of $138.78. The company has a quick ratio of 2.74, a current ratio of 3.09 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 4.04 and a beta of 0.17.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). Royal Gold had a return on equity of 6.25% and a net margin of 35.69%. The company had revenue of $123.60 million during the quarter, compared to the consensus estimate of $130.34 million. During the same period in the previous year, the company earned $0.36 earnings per share. Royal Gold’s quarterly revenue was up 26.6% on a year-over-year basis. Equities research analysts anticipate that Royal Gold, Inc will post 2.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.28 per share. This is an increase from Royal Gold’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.09%. Royal Gold’s dividend payout ratio is 77.24%.

Royal Gold Company 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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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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