Ninety One UK Ltd Sells 2,386 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Ninety One UK Ltd cut its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 329,424 shares of the basic materials company’s stock after selling 2,386 shares during the period. Ninety One UK Ltd owned 0.50% of Royal Gold worth $39,847,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in Royal Gold in the fourth quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Royal Gold in the fourth quarter valued at approximately $31,000. Quarry LP acquired a new stake in Royal Gold in the second quarter valued at approximately $31,000. BKM Wealth Management LLC acquired a new stake in Royal Gold in the fourth quarter valued at approximately $36,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in Royal Gold in the third quarter valued at approximately $36,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, VP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $104.18, for a total value of $52,090.00. Following the completion of the transaction, the vice president now owns 9,473 shares of the company’s stock, valued at $986,897.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

Royal Gold Trading Down 1.1 %

Shares of Royal Gold stock opened at $121.66 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18. The firm has a fifty day moving average price of $113.51 and a 200 day moving average price of $114.14. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $147.82. The stock has a market cap of $8.00 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 6.30 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The firm had revenue of $152.70 million during the quarter, compared to analysts’ expectations of $140.32 million. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Royal Gold, Inc. will post 4.34 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. Royal Gold’s payout ratio is 43.96%.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several recent analyst reports. National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. BMO Capital Markets raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. Finally, Jefferies Financial Group started coverage on shares of Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and an average target price of $143.25.

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.