Swiss National Bank grew its position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,400 shares of the basic materials company’s stock after buying an additional 3,600 shares during the quarter. Swiss National Bank’s holdings in Royal Gold were worth $10,857,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of RGLD. Cordasco Financial Network raised its position in shares of Royal Gold by 72.4% in the 1st quarter. Cordasco Financial Network now owns 293 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 123 shares in the last quarter. JOYN Advisors Inc. raised its position in shares of Royal Gold by 105.4% in the 4th quarter. JOYN Advisors Inc. now owns 341 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 175 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Royal Gold by 762.8% in the 1st quarter. Quadrant Capital Group LLC now owns 811 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 717 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Royal Gold by 18.6% in the 1st quarter. Versant Capital Management Inc now owns 848 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 133 shares in the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Royal Gold in the 1st quarter worth $96,000. Institutional investors and hedge funds own 79.88% of the company’s stock.
Shares of NASDAQ:RGLD opened at $93.65 on Thursday. Royal Gold, Inc has a 1 year low of $70.16 and a 1 year high of $98.53. The stock has a market cap of $6.14 billion, a P/E ratio of 53.21, a price-to-earnings-growth ratio of 6.06 and a beta of 0.12. The company has a current ratio of 5.39, a quick ratio of 5.13 and a debt-to-equity ratio of 0.17.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Royal Gold had a net margin of 22.19% and a return on equity of 4.36%. The business had revenue of $109.80 million for the quarter, compared to analyst estimates of $115.32 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Research analysts expect that Royal Gold, Inc will post 1.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, July 3rd. Royal Gold’s dividend payout ratio is currently 60.23%.
RGLD has been the subject of several recent research reports. TD Securities boosted their price target on Royal Gold from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, February 26th. BMO Capital Markets lowered Royal Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. BidaskClub lowered Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. B. Riley raised Royal Gold from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $86.00 to $100.00 in a research report on Monday, April 1st. Finally, Desjardins lowered Royal Gold from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $95.95.
In related news, VP Bruce Christopher Kirchhoff sold 5,265 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $94.14, for a total transaction of $495,647.10. Following the transaction, the vice president now directly owns 50,348 shares of the company’s stock, valued at approximately $4,739,760.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony A. Jensen sold 38,821 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $92.42, for a total value of $3,587,836.82. The disclosure for this sale can be found here. Insiders have sold a total of 85,493 shares of company stock worth $7,955,840 over the last ninety days. 0.95% of the stock is currently owned by corporate insiders.
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Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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