Advisory Services Network LLC boosted its position in shares of Royal Gold Inc. (NASDAQ:RGLD) by 8,762.7% during the second quarter, Holdings Channel reports. The fund owned 6,647 shares of the company’s stock after buying an additional 6,572 shares during the period. Advisory Services Network LLC’s holdings in Royal Gold were worth $479,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in RGLD. State Street Corp increased its stake in Royal Gold by 6.7% in the first quarter. State Street Corp now owns 2,118,783 shares of the company’s stock worth $108,671,000 after buying an additional 133,359 shares during the last quarter. Sun Valley Gold LLC increased its stake in Royal Gold by 154.3% in the first quarter. Sun Valley Gold LLC now owns 535,689 shares of the company’s stock worth $27,475,000 after buying an additional 325,000 shares during the last quarter. Geode Capital Management LLC increased its stake in Royal Gold by 2.6% in the first quarter. Geode Capital Management LLC now owns 426,746 shares of the company’s stock worth $21,887,000 after buying an additional 10,714 shares during the last quarter. Norges Bank purchased a new stake in Royal Gold during the fourth quarter worth $10,892,000. Finally, BlackRock Inc. increased its stake in Royal Gold by 2.4% in the first quarter. BlackRock Inc. now owns 283,775 shares of the company’s stock worth $14,555,000 after buying an additional 6,640 shares during the last quarter. Institutional investors and hedge funds own 68.97% of the company’s stock.
Royal Gold Inc. (NASDAQ:RGLD) traded down 4.76% during mid-day trading on Thursday, reaching $65.59. The company’s stock had a trading volume of 1,210,674 shares. The stock’s market cap is $4.28 billion. The firm’s 50 day moving average is $78.21 and its 200-day moving average is $68.83. Royal Gold Inc. has a one year low of $24.68 and a one year high of $87.74.
Royal Gold (NASDAQ:RGLD) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The company earned $94.10 million during the quarter, compared to analysts’ expectations of $100.62 million. Royal Gold had a positive return on equity of 2.81% and a negative net margin of 21.44%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. Equities analysts expect that Royal Gold Inc. will post $1.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, September 28th. Royal Gold’s payout ratio is currently -77.97%.
A number of equities research analysts have weighed in on RGLD shares. Macquarie started coverage on Royal Gold in a research report on Wednesday, July 6th. They set an “outperform” rating on the stock. FBR & Co set a $80.00 price objective on Royal Gold and gave the company a “hold” rating in a research note on Tuesday, September 20th. BMO Capital Markets raised Royal Gold from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 6th. Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Thursday, June 30th. Finally, Dundee Securities raised Royal Gold from a “neutral” rating to a “buy” rating and raised their price objective for the company from $80.00 to $85.00 in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Royal Gold currently has an average rating of “Buy” and an average price target 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.
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