UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $49.68 Million Holdings in Royal Gold, Inc. $RGLD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 248,893 shares of the basic materials company’s stock after selling 2,259 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Royal Gold worth $49,682,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RGLD. BlackRock Inc. acquired a new position in shares of Royal Gold in the 2nd quarter valued at $2,177,865,000. Capital International Investors acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $332,026,000. Van ECK Associates Corp lifted its position in Royal Gold by 18.1% during the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock worth $1,311,607,000 after buying an additional 905,488 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Royal Gold by 89.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock worth $412,543,000 after acquiring an additional 874,329 shares in the last quarter. Finally, Nuveen LLC boosted its holdings in shares of Royal Gold by 457.5% in the 4th quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock valued at $205,820,000 after buying an additional 759,810 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on RGLD. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. 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 note on Friday, August 7th. Royal Bank Of Canada lowered their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Scotiabank reissued a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Finally, Jefferies Financial Group lowered their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Royal Gold has an average rating of “Hold” and an average price target of $285.10.

Royal Gold Stock Up 1.7%

Shares of NASDAQ:RGLD opened at $258.38 on Thursday. The business has a fifty day simple moving average of $218.07 and a 200 day simple moving average of $235.96. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The firm has a market cap of $21.89 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.91 and a beta of 0.50. Royal Gold, Inc. has a 12-month low of $168.88 and a 12-month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. The business 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 firm’s revenue was up 114.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 earnings per share. Analysts predict that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Dividend Announcement

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

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were 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 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 filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by company insiders.

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.