Private Advisor Group LLC purchased a new stake in Royal Gold Inc. (NASDAQ:RGLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,919 shares of the company’s stock, valued at approximately $307,000.
Several other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Royal Gold by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,669 shares of the company’s stock valued at $120,000 after buying an additional 208 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Royal Gold by 199,100.0% in the second quarter. Meeder Asset Management Inc. now owns 1,992 shares of the company’s stock valued at $144,000 after buying an additional 1,991 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Royal Gold by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,184 shares of the company’s stock valued at $157,000 after buying an additional 22 shares in the last quarter. World Asset Management Inc purchased a new stake in Royal Gold during the second quarter valued at about $230,000. Finally, Symons Capital Management Inc. purchased a new stake in Royal Gold during the second quarter valued at about $234,000. Institutional investors and hedge funds own 69.01% of the company’s stock.
Royal Gold Inc. (NASDAQ:RGLD) traded down 0.66% during trading on Thursday, hitting $84.63. 375,480 shares of the stock traded hands. The company has a 50-day moving average price of $80.24 and a 200-day moving average price of $66.83. The stock’s market cap is $5.52 billion. Royal Gold Inc. has a 12 month low of $24.68 and a 12 month high of $87.74.
Royal Gold (NASDAQ:RGLD) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. Royal Gold had a negative net margin of 21.44% and a positive return on equity of 2.81%. The business earned $94.10 million during the quarter, compared to the consensus estimate of $100.62 million. During the same period last year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. Equities research analysts expect that Royal Gold Inc. will post $1.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, September 28th. Royal Gold’s dividend payout ratio (DPR) is currently -77.97%.
Several analysts recently issued reports on the stock. FBR & Co increased their price target on shares of Royal Gold from $78.00 to $80.00 and gave the stock a “mkt perform” rating in a research report on Friday, August 12th. Zacks Investment Research lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. HSBC reiterated a “buy” rating on shares of Royal Gold in a research report on Thursday, July 7th. RBC Capital Markets reiterated an “outperform” rating on shares of Royal Gold in a research report on Tuesday. Finally, Raymond James Financial Inc. upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $72.00 to $85.00 in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $72.29.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold Inc. (NASDAQ:RGLD).
Receive News & Ratings for Royal Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.