Royal Gold, Inc. $RGLD Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 97.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,493 shares of the basic materials company’s stock after selling 69,334 shares during the period. Great Lakes Advisors LLC’s holdings in Royal Gold were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGLD. Cullen Frost Bankers Inc. lifted its stake in shares of Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. Blue Trust Inc. raised its holdings in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after buying an additional 71 shares during the period. Caldwell Trust Co acquired a new position in Royal Gold in the second quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in Royal Gold by 33.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after buying an additional 56 shares during the period. Finally, JFS Wealth Advisors LLC boosted its stake in Royal Gold by 568.4% during the second quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price target on shares of Royal Gold in a research note on Sunday, December 7th. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research report on Monday, January 26th. Bank of America lifted their price objective on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, October 16th. Finally, BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.50.

Royal Gold Stock Down 1.5%

Shares of NASDAQ RGLD opened at $259.46 on Tuesday. The stock has a market cap of $21.90 billion, a P/E ratio of 35.64, a PEG ratio of 0.72 and a beta of 0.49. The business’s fifty day simple moving average is $236.57 and its 200-day simple moving average is $200.24. Royal Gold, Inc. has a 12-month low of $138.34 and a 12-month high of $306.25. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.24). The company had revenue of $250.23 million for the quarter, compared to analyst estimates of $275.11 million. Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a $0.475 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, January 2nd. Royal Gold’s payout ratio is presently 26.10%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.