Advantus Capital Management Inc Boosts Position in Royal Gold, Inc. (RGLD)

Advantus Capital Management Inc boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.1% during the first quarter, Holdings Channel reports. The fund owned 8,365 shares of the basic materials company’s stock after buying an additional 248 shares during the period. Advantus Capital Management Inc’s holdings in Royal Gold were worth $586,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. FIL Ltd increased its position in Royal Gold by 22.0% in the first quarter. FIL Ltd now owns 182,147 shares of the basic materials company’s stock valued at $12,760,000 after buying an additional 32,837 shares during the last quarter. Cullen Capital Management LLC purchased a new position in Royal Gold during the first quarter valued at approximately $663,000. Wellington Management Group LLP increased its position in Royal Gold by 204.2% in the first quarter. Wellington Management Group LLP now owns 12,958 shares of the basic materials company’s stock valued at $908,000 after buying an additional 8,699 shares during the last quarter. Van ECK Associates Corp increased its position in Royal Gold by 15.8% in the first quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock valued at $343,321,000 after buying an additional 667,497 shares during the last quarter. Finally, Credit Agricole S A increased its position in Royal Gold by 137.4% in the first quarter. Credit Agricole S A now owns 174,737 shares of the basic materials company’s stock valued at $12,241,000 after buying an additional 101,147 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

Royal Gold, Inc. (NASDAQ:RGLD) traded down 0.56% during midday trading on Friday, reaching $75.03. The company’s stock had a trading volume of 956,828 shares. The company has a market cap of $4.90 billion, a PE ratio of 47.94 and a beta of 0.73. The stock has a 50-day moving average price of $76.28 and a 200 day moving average price of $70.28. Royal Gold, Inc. has a 12 month low of $60.21 and a 12 month high of $87.74.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $107 million for the quarter, compared to analysts’ expectations of $105.14 million. Royal Gold had a net margin of 23.93% and a return on equity of 4.22%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. Analysts expect that Royal Gold, Inc. will post $1.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. Royal Gold’s dividend payout ratio (DPR) is currently 61.15%.

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Several equities analysts have recently commented on the company. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $88.00 target price on shares of Royal Gold in a research report on Thursday. BidaskClub downgraded Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Barclays PLC reaffirmed an “overweight” rating and issued a $84.00 target price (up previously from $83.00) on shares of Royal Gold in a research report on Tuesday, June 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $83.00 price target on shares of Royal Gold in a research note on Monday, June 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price target on shares of Royal Gold in a research note on Friday, May 26th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Royal Gold presently has a consensus rating of “Buy” and an average target price of $89.13.

In other news, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $80.00, for a total transaction of $2,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stefan Wenger sold 2,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $80.06, for a total transaction of $160,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $2,758,220 over the last 90 days. Company insiders own 1.37% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RGLD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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