Royal Gold, Inc. $RGLD Stock: Integrated Advisors Network LLC Lowers Position

Integrated Advisors Network LLC reduced its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 52.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,034 shares of the basic materials company’s stock after selling 2,213 shares during the quarter. Integrated Advisors Network LLC’s holdings in Royal Gold were worth $480,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of RGLD. BlackRock Inc. bought a new position in Royal Gold during the second quarter valued at approximately $2,177,865,000. Bank of New York Mellon Corp bought a new position in shares of Royal Gold during the 2nd quarter valued at $150,762,000. Findlay Park Partners LLP bought a new position in shares of Royal Gold during the 2nd quarter valued at $111,392,000. Bank of America Corp DE bought a new position in shares of Royal Gold during the 2nd quarter valued at $88,124,000. Finally, Deutsche Bank AG purchased a new position in Royal Gold in the 2nd quarter worth $69,325,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Down 3.1%

NASDAQ RGLD opened at $227.42 on Friday. The stock has a market cap of $19.27 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 1.73 and a beta of 0.45. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The stock has a 50 day simple moving average of $247.04 and a two-hundred day simple moving average of $230.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%. The business’s revenue was up 114.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 earnings per share. On average, analysts forecast that Royal Gold, Inc. will post 10.47 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were given a dividend of $0.4750 per share. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Royal Gold’s payout ratio is presently 20.74%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce set a $305.00 target price on Royal Gold in a research note on Friday, October 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $336.00 price target on shares of Royal Gold in a research note on Tuesday. TD lowered their price objective on Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a research report on Tuesday. Scotiabank reissued a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada raised their target price on shares of Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $309.56.

Insiders Place Their Bets

In other Royal Gold 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 transaction, the senior vice president owned 8,082 shares of the company’s stock, valued at approximately $2,123,949.60. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.