C WorldWide Group Holding A S Has $1.83 Million Holdings in Royal Gold, Inc. $RGLD

C WorldWide Group Holding A S decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 57.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,165 shares of the basic materials company’s stock after selling 12,620 shares during the quarter. C WorldWide Group Holding A S’s holdings in Royal Gold were worth $1,829,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RGLD. California State Teachers Retirement System raised its stake in Royal Gold by 19,848.6% during the second quarter. California State Teachers Retirement System now owns 19,665,976 shares of the basic materials company’s stock worth $3,925,525,000 after acquiring an additional 19,567,393 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Royal Gold in the 2nd quarter valued at approximately $2,177,865,000. Capital International Investors acquired a new stake in shares of Royal Gold in the 4th quarter valued at approximately $332,026,000. Van ECK Associates Corp boosted its stake in shares of Royal Gold by 18.1% in the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after purchasing an additional 905,488 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Royal Gold by 89.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock valued at $412,543,000 after purchasing an additional 874,329 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Down 0.3%

RGLD opened at $261.37 on Wednesday. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The firm has a market capitalization of $22.15 billion, a P/E ratio of 28.53, a PEG ratio of 1.97 and a beta of 0.50. The company’s 50-day moving average is $222.79 and its 200 day moving average is $235.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same period in the prior year, the firm posted $1.81 EPS. The firm’s quarterly revenue was up 114.9% compared to the same quarter last year. Research analysts expect that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 annualized dividend and a yield of 0.7%. Royal Gold’s payout ratio is currently 20.74%.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares of the company’s stock, valued at $2,123,949.60. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RGLD. Weiss Ratings downgraded shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. UBS Group upped their price target on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday. Scotiabank restated a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada reduced their price objective on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.10.

Royal Gold Profile

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.