City Center Advisors LLC Purchases Shares of 1,981 Royal Gold, Inc. (NASDAQ:RGLD)

City Center Advisors LLC purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,981 shares of the basic materials company’s stock, valued at approximately $324,000.

Several other large investors also recently made changes to their positions in RGLD. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Royal Gold during the fourth quarter valued at approximately $42,000. Jones Financial Companies Lllp increased its stake in shares of Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 293 shares during the period. IFP Advisors Inc increased its stake in shares of Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 158 shares during the period. Human Investing LLC acquired a new position in shares of Royal Gold during the fourth quarter valued at approximately $73,000. Finally, Blue Trust Inc. increased its stake in shares of Royal Gold by 40.3% during the fourth quarter. Blue Trust Inc. now owns 574 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Royal Gold Stock Performance

Royal Gold stock opened at $175.93 on Friday. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 3.42 and a beta of 0.44. Royal Gold, Inc. has a 1 year low of $119.72 and a 1 year high of $191.78. The firm’s 50 day moving average price is $176.42 and its two-hundred day moving average price is $156.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. The firm had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.02%. Royal Gold’s dividend payout ratio (DPR) is 29.80%.

Analyst Ratings Changes

A number of research analysts recently commented on RGLD shares. Scotiabank upgraded shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a “market perform” rating in a research note on Thursday, May 22nd. Royal Bank of Canada lowered their price objective on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Finally, Raymond James raised their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $183.13.

Royal Gold 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.